Form 15G is a self-declaration form submitted to avoid Tax Deducted at Source (TDS) on interest income (like FD, RD, or PF withdrawals) if your total income is below the taxable limit. But how to fill the 15G form? You must get Form 15G from the Income Tax Department’s website or financial institutions like EPFO for PF withdrawals.
How to Fill 15 G Form Online?
Follow the steps to fill 15G form:
First obtain Form 15G from the official
EPFOwebsite
Fill in your name, PAN, address, and financial year for which the declaration is made.
Mention the estimated total income for the year, ensuring it is below Rs. 2.5 lakh (Rs. 3 lakh for seniors using Form 15H). If applicable, provide details of any TDS deducted in the last financial year.
Enter the account number, branch, and interest income source (e.g., FD, PF, etc.). Sign the form, declaring that your total income is tax-exempt.
Key Conditions for Submission:
Only Indian residents below 60 years can submit Form 15G.
Total interest income should not exceed the basic exemption limit (Rs2.5 lakh).
Not applicable for company deposits (where interest exceeds Rs5,000/year).
Submit the form to your bank, post office, or EPFO office before interest is credited. If eligible, no TDS will be deducted.
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I submitted a request to my bank to not deduct TDS on interest since I do not fall in the tax bracket. I had to submit the Form 15G. I got to know this from my father and he was the one who taught me how to fill form 15G online. Let me share the steps with you. If you find it helpful, leave a comment and upvote my answer.
How to fill Form 15G online?The Form 15G can be submitted online by entering these details:
Name
PAN details
Status - Individual, HUF or a Trust
Financial year for which you are filling up the form
Residential Status
Address Details
Estimated income for which declaration is made
Estimated total income of the previous year
Details of income
To submit the form 15G online, you will have to go to your bank website and fill the form there. Alternatively you can visit the bank or download Form 15G from the Income Tax website. Fill the form and submit it in the bank requesting non-deduction of TDS on interest income.
I hope this answers your question - how to fill Form 15G online and offline.
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How to fill Form 15G?
Tripti
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2022-03-28T09:55:12+00:00 2022-03-28T09:55:13+00:00Comment
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