1. What are Form 15G and Form 15H?
Form 15G and Form 15H self-declaration forms send to a bank asking them not to deduct TDS interest as their income is below the basic release limit. In this case, the provision of PAN is mandatory. Some banks allow you to submit these forms online via the bank's website.
Frequently Asked Questions
What is Form 15G used for?
Form 15G is required to be submitted as a notice to persons under the age of 60 that their income is below the taxable limit and therefore no TDS should be deducted from the income deposited in their account.
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