Get the free Form No. 15H - HSBC India - hsbcbusinessdirect co

Form No. 15H See Section 197A(1C) and Rule 29C(1A) Declaration under Section 197A(1C) of the Income Tax Act, 1961 to be made by an individual who is of the age of sixty years or more claiming certain

How to fill out form no 15h

How to fill out form no 15h:

1. Start by downloading the form from the official website of the tax department or collect it from a nearby bank branch.
2. Begin by entering your personal details such as name, address, and PAN (Permanent Account Number) in the designated fields.
3. Enter your age and the relevant financial year for which you are submitting the form.
4. Make sure to fill out your contact details, including your mobile number and email address.
5. Provide details of the previous year's income for which the form is being submitted, including the estimated total income and estimated total tax payable.
6. If you have already assessed the tax liability and found it to be nil, you can mention the reasons for the same in the form.
7. Attach supporting documents, if required, such as Form 16A or any other relevant documents that support your claim for non-deduction of tax.
8. Carefully read through all the information provided in the form to ensure accuracy and completeness.
9. Finally, sign and date the form before submitting it to the appropriate authority.

Who needs form no 15h:

1. Individuals who are resident senior citizens (age 60 years or above) can submit Form 15h to claim exemption from tax deduction at source (TDS) on their interest income from various financial institutions such as banks, post offices, etc.
2. This form is applicable to those individuals whose tax liability is nil or below the maximum exemption limit.
3. It is essential to submit this form at the beginning of each financial year to ensure that no tax is deducted at source on their interest income.
4. Individuals who have multiple sources of income must calculate their total income and tax liability before determining whether they are eligible to submit Form 15h.

By following these steps, individuals can correctly fill out Form 15h and submit it to claim exemption from TDS on their interest income.

For pdfFiller’s FAQs

What is form no 15h?

Form no 15h is a declaration to be made by a senior citizen for receiving interest income without deduction of tax.

Who is required to file form no 15h?

Individuals who are above 60 years of age 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, income details, and declaration of no tax liability.

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 tax deduction at source is required on interest income.

What information must be reported on form no 15h?

Information such as personal details, income details, and declaration of no tax liability must be reported on form no 15h.

How do I execute form no 15h online?

pdfFiller makes it easy to finish and sign form no 15h online. It lets you make changes to original PDF content, highlight, black out, erase, and write text anywhere on a page, legally eSign your form, and more, all from one place. Create a free account and use the web to keep track of professional documents.

How do I edit form no 15h online?

The editing procedure is simple with pdfFiller. Open your form no 15h in the editor, which is quite user-friendly. You may use it to blackout, redact, write, and erase text, add photos, draw arrows and lines, set sticky notes and text boxes, and much more.

Can I create an electronic signature for the form no 15h in Chrome?

Yes. By adding the solution to your Chrome browser, you can use pdfFiller to eSign documents and enjoy all of the features of the PDF editor in one place. Use the extension to create a legally-binding eSignature by drawing it, typing it, or uploading a picture of your handwritten signature. Whatever you choose, you will be able to eSign your form no 15h in seconds.