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“FORM NO. 15G See section 197A(1), 197A(1A) and rule 29C Declaration under section 197A (1) and section 197A(1A) to be made by an individual or a person (not being a company or firm) claiming certain

How to fill out form no 15g

How to fill out form no 15g:

1. Start by obtaining form no 15g from the income tax department or download it from their official website.
2. Fill in your personal information such as your name, address, and permanent account number (PAN) as mentioned in your income tax records.
3. Provide details of your income for which you are claiming non-deduction of tax. This can include interest from fixed deposits, recurring deposits, or any other sources of income.
4. Calculate the total income from these sources and mention it in the appropriate section of the form.
5. Make sure to mention the assessment year for which the form is being submitted.
6. In case the form is being submitted by someone other than the individual earning the income, like a parent or guardian on behalf of a minor, furnish their details in the relevant sections.
7. Sign the declaration at the end of the form, stating that the information provided is true and correct to the best of your knowledge.
8. Submit the form to the appropriate authority, usually the bank or financial institution where you hold your deposits, or to the income tax office.

Who needs form no 15g:

1. Individuals who are residents in India and are below the age of 60 can use form no 15g to declare that their total income is below the taxable limit and request the payer not to deduct tax at source.
2. Non-resident Indians (NRIs) are not eligible to use form no 15g. They need to use form no 15h for the same purpose.
3. Form no 15g can be used by individuals who receive income from fixed deposits, recurring deposits, or any other specified sources that fall under the purview of tax deduction at source (TDS).
4. The purpose of form no 15g is to provide relief to individuals with low-income levels and prevent unnecessary deduction of tax at source.
5. It is important to note that providing false information or lying on the form can attract penalties under the income tax laws. So, individuals must ensure that they are eligible to use form no 15g and accurately fill out the form with correct information before submitting it.

For pdfFiller’s FAQs

What is form no 15g?

Form 15G is a declaration form that is filed by individuals to ensure TDS (Tax Deducted at Source) is not deducted on their income if the total income is below the taxable limit.

Who is required to file form no 15g?

Individuals, specifically senior citizens, super senior citizens, and Resident Individuals, are required to file form no 15G.

How to fill out form no 15g?

Form 15G can be filled out by providing personal details, details of income for which TDS should not be deducted, and a declaration stating that the total income is below the taxable limit.

What is the purpose of form no 15g?

The purpose of form no 15G is to declare that the individual's total income is below the taxable limit and hence TDS should not be deducted on the specified income.

What information must be reported on form no 15g?

Form 15G must include personal details, income details, Permanent Account Number (PAN), declaration regarding total income being below taxable limit, and signature of the individual.

Where do I find form no 15g?

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