Interest earned on savings schemes such as the Provident Fund, the National Service Scheme, the Post Office Savings Schemes is fully taxable. The tax on the interest earned is deducted at source (TDS) ...
The bank is liable to deduct TDS if the interest earned during the financial year exceeds a certain limit. How to fill Form 15G: It is that time of the year when most fixed deposit holders make a dash ...
If you are eligible to fill Form 15G/15H and have completely forgotten to submit it, then the bank would follow the usual practice and deduct TDS on interest income. Have you ever wondered that even ...
I am a 62-year-old retired professional. I submitted Form 15H to my bank, but TDS was still deducted on my interest income. What should I do now? Also, when is the best time to submit Form 15H to ...
Individual investors fill up Form 15G and 15H to avoid tax deduction at tax. However, one should take due care while submitting these forms. Senior citizens may have a certain preference for Senior ...