Can someone suggest me If form 15G need to be filled even you have Tax saver FD with same bank?

Can someone suggest me If form 15G need to be filled even you have Tax saver FD with same bank? more

Helpful Tax, Investments and Retirement Apr 06

Yes you have to file otherwise TDS will be deducted. It is happening in my case with Bank where I mantain a Tax saving fixed deposit and TDS is being deducted. more

Apr 15

Venkateswara Rao Pamidimarthi

i agree with MR. SHARAD RAJORIA more

Apr 15

Ravinder Goyal (Member,Managing Committee)

yes, if annual interest payable on all FDs(including Tax saver FDs)in a Bank branch exceeds Rs.10000 & annual Taxable income is more than Rs.250000(Rs.300000 in case of senior Citizen & Rs.500000 in case of Super senior citizen) to save TDS it is necessary to submit form 15G/H. more

Apr 15

Balasubramanian Subramaniam

It is always better to file Form 15G/H in the April of every financial year as we could assess our income well in advance unless and until some windfall gain is accruing more

Apr 09

SHARAD RAJORIA (CA)

15G IS A DECLARATION GIVEN TO BANK THAT "MY TAXABLE TOTAL INCOME WILL BE BELOW THEN THE MAXIMUM EXEMPTION LIMIT: I.E. WHICH IS AT PRESENT RS.250000/- AFTER DEDUCTION 80C EXEMPTION. more

Apr 09

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