Monday, March 28, 2011

7th April Last Date for 15G/15H


               To avoid deduction of income tax (TDS)  from any deposit in bank or other Financial Institution relating to any Financial Year , there is a important form 15G or 15H  which can be submitted  before 7th April of the year .   If  it is submitted in time, TDS will not be deducted from interest earning etc.  15G form is used for Non Citizen  or 15H form is used for Senior Citizen.

Age of Senior Citizen is 65 years up to 31.03.2011 As Per Income Tax Act.  For example if your age is  63 years, you will have to use 15G form.

In the Budget 2011, Age of Senior Citizen has been reduced to 60 years.  W.e.f. 01.04.2011, person having age 63 in above example will be treated as Senior Citizen.

for Download Form 15G and 15H Excel Format  (Click Here),
Other Important Calculators (Click Here)

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