![]() To avail the benefit of post office deposits and national savings schemes.For premature withdrawal (before five years) of funds from EPF, subject to the condition that the balance in the particular fund is above Rs 50,000.Banks deduct TDS, if the interest on the fixed deposit exceed a sum of Rs 10,000 in a given financial year. The total interest income of the person with respect to the particular financial year is below the basic exemption limit.įorm 15G is used to fulfill the following objectives:.The person raising the claim is devoid of any tax liability.The person raising the claim must be an Indian resident. ![]() It can be submitted by a person who isn’t a company or a firm, and whose age is below 60 years.The eligibility criteria pertaining to the form is listed below: Know more about Income Tax Form 15H Eligibility for Filing Form 15Gįorm 15G is a self-declaration form which is used for the purpose of making a claim against TDS on specified income. This article is a brief account on Form 15G. The taxpayer can avail this provision if his/her total income is below the specified taxable limit. Learn » Income Tax » Form 15G Form 15G – Income Taxįorm 15G is a declaration requesting for an exemption from deduction of TDS on the interest amount.
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