Get the free FORM NO. 15G. Receipts without deduction of Tax

FORM NO. 15G See rule 29C of the Income-tax Rules, 1962 Declaration under sub-sections (1) and (1A) of section 197A of the Income-tax Act, 1961, to be made by an individual or a person (not being

How to fill out form no 15g receipts

How to fill out form no 15g receipts:

1. Obtain the form: The form no 15g receipts can be obtained from the Income Tax Department's website or from your local Income Tax office. It is also available at some banks and post offices.
2. Personal details: Start by entering your personal details such as your name, PAN (Permanent Account Number), and contact information accurately in the respective fields provided on the form.
3. Financial details: Next, provide details of your financial transactions that qualify for the exemption under section 197A(1) and 197A(1A) of the Income Tax Act. This includes information about the nature and estimated amount of income you expect to receive during the financial year for which you are submitting the form.
4. Declaration: Read the declaration carefully and ensure that you meet the eligibility criteria as specified in the form. If you do, sign and date the form to declare that the information provided is true and correct to the best of your knowledge.
5. Submitting the form: After filling out the form and double-checking for any errors or omissions, submit the form to the appropriate authority. This can be done either online through the Income Tax Department's website or by physically submitting the form at the designated office.
6. Acknowledgment: Once the form is successfully submitted, you will receive an acknowledgment either online or in person. Keep this acknowledgment safely as proof of submission.

Who needs form no 15g receipts?

1. Individuals below a certain age and meeting specific criteria may be required to submit form no 15g receipts. This form is primarily used to claim exemption from Tax Deducted at Source (TDS) on certain incomes.
2. Individuals who anticipate receiving income such as interest on fixed deposits, recurring deposits, or other specified incomes, and meet the eligibility criteria, can submit this form to avoid having tax deducted at source.
3. The form is generally applicable to resident individuals and Hindu Undivided Families (HUFs) who meet the specified conditions laid out by the Income Tax Department.
4. It is important to note that the eligibility criteria and threshold limit for submitting form no 15g may change from financial year to financial year, so it is advisable to stay updated with the latest guidelines issued by the Income Tax Department.

For pdfFiller’s FAQs

What is form no 15g receipts?

Form 15G receipt is a self-declaration form for individuals to declare that their income is below the taxable limit and they are not liable to pay tax on it.

Who is required to file form no 15g receipts?

Individuals whose income is below the taxable limit can file form 15G receipts to avoid tax deduction at source (TDS) on their income.

How to fill out form no 15g receipts?

To fill out Form 15G receipts, individuals must provide their personal details, financial information, income details, and declaration that their income is below the taxable limit.

What is the purpose of form no 15g receipts?

The purpose of form 15G receipts is to prevent tax deduction at source (TDS) on income for individuals whose income is below the taxable limit.

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

Information such as personal details, financial information, income details, and declaration of income below taxable limit must be reported on form 15G receipts.

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