Get the free form no15g in sbm how to apply

FORM NO. 15G See rule 29C 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 a company or a firm) claiming

How to fill out form no15g in sbm

How to fill out form no15g in sbm:

1. Download the form: Start by downloading form no15g from the official website of SBM (State Bank of India) or any authorized banking institution.
2. Fill in personal details: Enter your personal information such as name, address, PAN (Permanent Account Number), contact details, and date of birth in the specified fields.
3. Provide financial details: Fill in your income details like sources of income, total income, estimated taxable income, and details of the previous assessment year.
4. Mention previous year's tax paid: Provide information about the tax paid in the previous financial year, including the mode of payment and the amount paid.
5. Declare eligibility and exemptions: If you meet the eligibility criteria for form no15g, declare the respective clauses (a) and (b) of section 197A(1) of the Income Tax Act, 1961. Also, mention any exemptions you are claiming.
6. Sign the declaration: After carefully reviewing the information provided, sign the form to confirm its accuracy and authenticity.
7. Submit the form: Once you have filled out the form completely and signed it, submit it to the appropriate authority at the bank or financial institution.

Who needs form no15g in sbm:

1. Individuals with fixed deposits: If you have fixed deposits in SBM or any other banking institution and your total income is below the taxable limit, you can submit form no15g to avoid the deduction of tax at source (TDS).
2. Non-resident Indians (NRIs): NRIs can also make use of form no15g if they fulfill the eligibility criteria and want to prevent TDS on their income earned in India.
3. Individuals with certain exemptions: Those who are eligible for specific exemptions mentioned under section 197A(1) of the Income Tax Act, 1961, can submit form no15g to claim those exemptions and avoid TDS deductions.

Note: It is advisable to consult a tax professional or the bank authorities for accurate guidance on filling out form no15g and determining its applicability to your specific financial situation.

For pdfFiller’s FAQs

What is form no15g in sbm?

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

Who is required to file form no15g in sbm?

Individuals whose total income is below the taxable limit are required to file Form No. 15G to avoid TDS deduction on interest income.

How to fill out form no15g in sbm?

To fill out Form No. 15G, individuals need to provide personal details, PAN, income details, and declaration stating that their total income is below the taxable limit.

What is the purpose of form no15g in sbm?

The purpose of Form No. 15G is to request exemption from TDS deduction on interest income for individuals who meet the criteria.

What information must be reported on form no15g in sbm?

Information such as personal details, PAN, income details, and declaration of total income below taxable limit must be reported on Form No. 15G.

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