1/30/2023 0 Comments Form 15g In Word Format![]() To ease the entire process, many banks and financial institutions have allowed the taxpayers to file these forms online and directly from their net banking account. He/ she must file these forms with every person who is responsible to pay them an income and thereby deduct TDS. The assessee must file these forms at the beginning of the financial year. While Form 15G is for all taxpayers (excluding companies and partnership firms), Form 15H is applicable only to senior citizens. ![]() An eligible assessee can file Form 15G and Form 15H with the TDS deductor and ensure no TDS on interest income. To ensure such taxpayers are free from such hassles the income tax department introduced Form 15G and Form 15H. This a hassle for the taxpayers, especially senior citizens to file ITR and claim an income tax refund They have to take the burden of TDS in the financial year, file the income tax return and claim an income tax refund of the TDS deduction. There are many taxpayers who have an income that is eligible for TDS deduction but the total tax payable in a financial year is nil. TDS is applicable to various interest income a taxpayer earns during the financial year. ![]()
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