15G Form PDF : Form 15G is a declaration form that individuals can submit to banks and other financial institutions in India to prevent the deduction of Tax Deducted at Source (TDS) on their income. This form is especially relevant for individuals below the age of 60 whose total income for the financial year is below the taxable limit. By submitting Form 15G, individuals declare that their income is not taxable, and therefore, TDS should not be deducted from the interest earned on their fixed deposits, recurring deposits, or other interest-bearing investments.
It's a useful tool for those looking to avoid the hassle of claiming a refund on excess TDS deducted. However, it's important to note that providing false information on Form 15G can lead to penalties. Therefore, individuals should ensure that they meet the eligibility criteria before submitting this form to their financial institutions.
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| Form 15G |
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