How to download and submit Form 15H and Form 15G to save tax?

How to download and submit Form 15H and Form 15GHow to download and submit Form 15H and Form 15G to save tax?


If you are thinking to download and submit the form 15H and 15G to avoid taxes, you should read this article. Every investor who is investing money in bonds, debentures, fixed deposits with companies or fixed deposits with banks thinks to submit Form 15H or Form 15G to avoid and save tax. While you can do it, you should know more details to use it effectively and not to avoid tax.

When to submit Form 15H?


As per income tax act, any individual who has completed 60 years of age can claim certain receipts without deduction of tax. Please note the following:

  • Form 15H can be submitted by any individual who has completed 60 years of age
  • Individual whose estimated tax for the previous financial year is nil can submit Form 15H
  • Submit form 15H to all deductors to whom you have given advances, loans and deposited money. You should submit 15H at all investment options wherever you have deposited in your money.
  • You need to submit 15H in all banks and branches wherever you have done your fixed deposits and interest amount is exceding Rs 10,000
  • Submit Form 15H before the first interest is paid in the financial year.
  • In case of interest on bonds, debentures, loans etc. interest exceeding Rs 5,000, you need to submit Form 15H so that they would not deduct any TDS.

When to submit Form 15G?


As per Income Tax Act, any individual who is less than 60 years of age can claim certain receipts without deduction of tax. Please note the following:

  • Form 15H can be submitted by any individual who is less than 60 years of age
  • Form 15H can be submitted by any individuals who does not have any taxable income for the financial year.
  • Submit form 15G to all deductors to whom you have given advances, loans and deposits. You should submit 15G in all branches wherever you have deposited in your money.
  • You need to submit 15G in all banks and branches wherever you have done your fixed deposits and interest amount is exceeded Rs 10,000
  • Submit Form 15G at the beginning of the financial year so that you can save tax for the entire financial year
  • In case of interest on bonds, debentures, loans etc. interest exceeding Rs 5,000, you need to submit Form 15G so that TDS is not deducted.

Download form 15G and Form 15H-Chart

Download Form 15H and 15H in word format, excel and PDF Formats


Download Form 15G in word format

Download Form 15H in word format

Download Form 15G in excel format

Download Form 15H in excel format

Download Form 15G in PDF format

Share on Facebook, Twitter and Google Plus if you like this article.

How to download and submit Form 15H & Form 15G to save tax

Leave a Reply

Your email address will not be published. Required fields are marked *

Goodinvestmentplans © 2016