What is Form 15G/ H is used for?

Form 15G/ H is a self-declaration form that you can submit to avoid TDS on your FD interest income. If your age is below 60 years and you fall below the taxable income slab, you should submit Form 15G for a TDS waiver. However, if you’re 60 years or above, you must submit Form 15H for a TDS waiver. You can submit Form 15G/ H to apply for a TDS waiver if your total income is below the taxable limit. Submit Form 15G/ H

Who is eligible for Form 15H?

If your age is 60 years or above and your total income is below the taxable limit, you can submit Form 15H for TDS waiver. You can also apply for a TDS waiver by submitting the form if your total income is below the taxable limit. Submit Form 15H

Is it mandatory to submit Form 15G/ H for my fixed deposit?

It isn’t mandatory to submit Form 15G/ H for your fixed deposit. You submit Form 15G/ H only if your total income is below the taxable limit and you want to avoid TDS on your deposit. Submit Form 15G/ H

How can I download my Form 15G/ H for my fixed deposit?

You can download your Form 15G/ H for your fixed deposit by following these simple steps: Click on the ‘Download Form 15G/ H’ option below to visit our customer portal – My Account. Enter your registered mobile number and the OTP to sign-in. Verify your details with your date of birth and proceed. Select your fixed deposit from the ‘Document Centre’ section. Find all your documents and click on Form 15G/ H to download it. Download Form 15G/ H

What is the last date of submission of Form 15G/ H?

There’s no due date for your Form 15G/ H submission. However, you must submit your Form 15G/ H at the time of opening a new FD. You can also submit at the beginning of the financial year for your ongoing deposits. Submit Form 15G/ H

How can I download Form 15H from Bajaj Finserv?

To download Form 15H from Bajaj Finserv, visit their official website and log in to your account. Navigate to the 'Forms' or 'Downloads' section, search for Form 15H, and click on the download link. Alternatively, contact their customer service for assistance or visit the nearest branch to obtain the form.

What information is required to fill out Form 15H?

Form 15H requires your personal details such as name, PAN, and residential status. Additionally, you'll need to declare the financial year, specify the income for which the form is being submitted, and provide your total income details from the previous year. Lastly, ensure you mention your age as 60 years or above and sign the form.

Is there a deadline for submitting Form 15G or Form 15H?

Form 15G or Form 15H should ideally be submitted at the beginning of the financial year or before the first interest payment to avoid TDS deductions. However, they can be submitted any time during the year. It is advisable to check with your bank or financial institution for any specific deadlines.

Can Form 15G or 15H be submitted online?

Yes, Form 15G and Form 15H can be submitted online. Most banks and financial institutions offer the facility to submit these forms through their internet banking portals. Log in to your account, navigate to the relevant section, fill out the form, and submit it electronically for convenience.

Download Form 15G and 15H: PDF, Online Submission & Guide

5 min read

18 June 2023

When you invest in a fixed deposit, you earn interest on your invested principal amount. This interest earned on your deposit is considered as your income and is therefore taxable. Banks and NBFCs deduct TDS (tax deducted at source) on the interest you earn on your invested amount. If your total income is below the basic exemption limit, you can apply for a TDS waiver by submitting your Form 15 G/ H.

What is a Form 15G/ H?

Form 15G/ H is a self-declaration form that you submit to the financial institution requesting not to deduct TDS on the interest income.
If you’re below 60 years of age and your total income is below the taxable limit, you should submit Form 15G for TDS waiver. However, if your age is 60 years or above, it is advisable to submit a Form 15H for TDS waiver.

If you’ve invested in our fixed deposit, you can download Form 15 G/ H and apply online for a TDS waiver. All you must do is go to our customer portal – My Account and follow these easy steps:

Click on ‘Sign-in’ on this page to go to My Account.
Sign-in with your registered mobile number and the OTP.
Enter your date of birth for verification and proceed.
Select the deposit for which you want to submit Form 15G/ H.
Click on the ‘Submit Form 15G/ H’ option within the ‘Quick Actions’ section.
View your Form 15G or Form 15H and click on ‘Proceed’.
Enter any additional information that is needed.
Verify with the OTP received on your registered mobile number and proceed with submission.

Sign-in

My Account – our customer portal allows you to apply online for a TDS waiver by submitting Form 15G/ H. You can also download your Form 15G/ H and submit this pre-filled form at our nearest branch and apply for a TDS waiver.

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Eligibility Criteria for Using Form 15G and 15H

Form 15G and 15H are self-declaration forms used to avoid tax deduction at source (TDS) on interest income.

Eligibility for Form 15G:

You must be an individual or a Hindu Undivided Family (HUF).
You should be a resident of India.
Your age must be below 60 years.
The total income should be below the basic exemption limit, which is ₹2.5 lakh for the financial year.
The total interest income for the year should be less than the basic exemption limit.

Eligibility for Form 15H:

You must be an individual who is a resident of India.
You should be 60 years or older, qualifying as a senior citizen.
The total tax liability for the financial year should be zero.

These forms help ensure that no TDS is deducted if your income falls below the taxable limit.

Step-by-Step Guide to Downloading Form 15G and 15H

Downloading Form 15G and 15H is a straightforward process. Follow these steps:

Visit the Official Website: Go to the Income Tax Department's official website at www.incometaxindia.gov.in.
Navigate to Forms: Click on the 'Forms/Downloads' section available on the homepage.
Select the Relevant Form: Search for Form 15G or Form 15H in the list of forms provided.
Download the Form: Click on the desired form to download it. The form will typically be in PDF format.
Save the File: Save the downloaded form on your device for printing and filling out.

Alternatively, you can obtain these forms from your bank's website. Log in to your internet banking account, go to the 'Services' or 'Tax' section, find the form, and download it.

By following these steps, you can easily access and download Form 15G and 15H for submission.

How to Fill Out Form 15G and 15H Correctly?

To fill out Form 15G or 15H correctly, follow these steps:

Personal Details: Enter your name, PAN, and residential status.
Declaration: Specify the financial year, and declare that your total income is below the taxable limit.
Income Details: Provide details of income for which the form is being submitted, including interest income.
Previous Year Income: Mention your income details from the previous year.
Signature: Sign the form and date it. If you are submitting Form 15H, ensure you mention your age as 60 years or above.

Submit the filled form to your bank or financial institution to avoid TDS deductions.