Get the free FORM NO 15G PART I - stockholdingcom

“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 part

Point by point guide to filling out Form 15G Part:

1. First, ensure that you are eligible to submit Form 15G. This form is primarily used by individuals who are below the age of 60 and whose total income is below the taxable limit.
2. Download Form 15G from the official website of the Income Tax Department or collect a physical copy from a designated income tax office.
3. Start by providing your personal details in the Form 15G. This includes your full name, PAN (Permanent Account Number), and contact information like address, phone number, and email (if applicable).
4. Next, mention your previous year's assessment year for which you are submitting the form.
5. Specify your residential status, whether you are a resident individual, non-resident individual, or a resident but not ordinarily resident.
6. Declare your estimated total income for the financial year for which you are submitting the form. Make sure this income falls below the taxable limit.
7. Enter the details of any tax exemptions or deductions you are eligible for. This may include investments in tax-saving instruments like Public Provident Fund (PPF), National Savings Certificates (NSC), etc.
8. Provide details of any other income you have earned during the financial year, such as interest on fixed deposits, savings bank account, etc. Ensure that the total interest income earned does not exceed the basic exemption limit set by the income tax department.
9. If you have submitted a Form 15G or 15H before, mention the aggregate amount of income for which you have previously submitted the form during the financial year.
10. Finally, sign and date the form in the designated spaces provided. Ensure that the information provided is accurate and true to the best of your knowledge.

Who needs Form 15G Part?

Form 15G is required by individuals who are below the age of 60 and whose total income falls below the taxable limit. It is often used by individuals who have income from fixed deposits, interest on savings accounts, and other similar sources, where tax is deducted at source (TDS) by the payer. By submitting Form 15G, eligible individuals can declare that their total income is below the taxable limit and request the payer not to deduct TDS on their income. This allows them to receive the full payment without any tax deductions, provided they meet the specified criteria.

For pdfFiller’s FAQs

What is form no 15g part?

Form no 15G part is a declaration form that can be submitted by individuals to request exemption from TDS on certain income.

Who is required to file form no 15g part?

Individuals who meet the eligibility criteria specified by the Income Tax Department are required to file form no 15G part.

How to fill out form no 15g part?

Form no 15G part can be filled out by providing details such as name, address, PAN, nature of income, estimated total income for the financial year, etc.

What is the purpose of form no 15g part?

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

What information must be reported on form no 15g part?

Information such as name, address, PAN, estimated total income, nature of income, previous assessment years in which form no 15G was filed, etc., must be reported on form no 15G part.

How do I execute form no 15g part online?

pdfFiller has made it easy to fill out and sign form no 15g part. You can use the solution to change and move PDF content, add fields that can be filled in, and sign the document electronically. Start a free trial of pdfFiller, the best tool for editing and filling in documents.

How do I edit form no 15g part in Chrome?

Adding the pdfFiller Google Chrome Extension to your web browser will allow you to start editing form no 15g part and other documents right away when you search for them on a Google page. People who use Chrome can use the service to make changes to their files while they are on the Chrome browser. pdfFiller lets you make fillable documents and make changes to existing PDFs from any internet-connected device.

How do I fill out form no 15g part on an Android device?

On Android, use the pdfFiller mobile app to finish your form no 15g part. Adding, editing, deleting text, signing, annotating, and more are all available with the app. All you need is a smartphone and internet.