Get the free FORM NO 15H - The Development Bank of Singapore Limited

FORM NO. 15H See section 197A(1C) and rule 29C Declaration under section 197A(1C) to be made by an individual who is of the age of sixty years or more claiming certain incomes without deduction of

How to fill out form no 15h

How to fill out form no 15h:

1. Obtain the form: The form no 15h can be obtained from the Income Tax Department's website or from the nearest Income Tax Office. It is also commonly available at various banks and financial institutions.
2. Fill in personal details: Start by filling in your personal details such as name, address, date of birth, and contact information accurately in the designated fields.
3. Provide PAN details: Fill in your Permanent Account Number (PAN) which is a unique 10-character alpha-numeric code issued by the Income Tax Department. Ensure the correctness of your PAN details.
4. Mention your previous year's income: Indicate your total income earned during the previous financial year for which the form is being submitted. This includes income from all sources such as salary, interest, rental income, etc.
5. Evaluate tax liability: Calculate your estimated tax liability for the current financial year. Ensure that you meet the criteria mentioned in the form to be eligible to submit it.
6. Declare your eligibility: Tick the appropriate category which signifies your eligibility to submit form no 15h. These categories generally include individuals who are 60 years or above and have nil tax liability.
7. Sign and date the form: Once you have filled in all the necessary details, sign the form and mention the date of submission. Ensure that all provided information is accurate and complete.

Who needs form no 15h:

1. Senior citizens: Individuals who are 60 years or above during the financial year for which the form is being submitted may need to fill out form no 15h. This is applicable if they meet certain criteria allowing them to declare their eligibility for not deducting tax at source (TDS).
2. Nil tax liability: Individuals who expect their estimated total income for the financial year to fall below the taxable threshold specified by the government may need to submit form no 15h. This ensures that TDS is not deducted on their income.
3. Interest income: Individuals receiving interest income from banks, post offices, or any other sources and want to avoid TDS deduction on that income can utilize form no 15h. By submitting this form, they declare that their overall tax liability is nil or less than the prescribed exemption limit.

Note: It is important to consult with a tax professional or refer to the Income Tax Department's guidelines to determine your eligibility and ensure accurate completion of form no 15h.

For pdfFiller’s FAQs

What is form no 15h?

Form No. 15H is a self-declaration form that can be submitted by individuals above the age of 60 to request exemption from TDS on interest income.

Who is required to file form no 15h?

Individuals above the age of 60 years who fulfill certain conditions set by the Income Tax department are required to file Form No. 15H.

How to fill out form no 15h?

Form No. 15H can be filled out by providing personal details, PAN number, declaration of eligibility, and signature. It should be submitted to the payer of income.

What is the purpose of form no 15h?

The purpose of Form No. 15H is to declare that the individual's total income is below the taxable limit, and hence, no TDS should be deducted from their interest income.

What information must be reported on form no 15h?

Form No. 15H requires personal details, PAN number, declaration of eligibility conditions, and signature of the individual.

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