Senior citizens above 60 years of age can submit a self declaration form to request reduction of TDS on interest earned through Fixed Deposits, Recurring Deposits, Amount received from EPF withdrawal, Dividend income, interest other than interest earned on securities, income earned from life insurance policies, income received from National Savings Scheme, and rental income. The TDS is deducted if the interest amount exceeds Rs. 50,000 per year. Since you have asked
how to fill Form 15H new format, let me help you out.
How to fill Form 15H?To fill Form 15H you will need to download it from the official website of Income Tax or your bank. In this form, you will be required to enter a few information pieces. Let us take a look at how to fill 15H Form with that information.
Part 1 of Form 15H: For Individual applicantsThe part 1 of Form 15H has the following details to be completed:
Name and PAN details
DoB
Financial year
Residential status
Address and contact details
Estimated total income to submit a declaration
Details related to number of shares, account number of the deposit, NSS details and LIC policy number
This part of the form is filled by the TDS deductor. Let us say your bank has the authority to deduct TDS on the interest earned from FD or RD. In that case, they will have to fill out this part of the form.
I hope this answer clarifies your doubts about how to fill Form 15H new format.
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What is Form 15G How to fill Form 15G
How to fill Form 15H new format?
Sidhwani
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2022-03-28T09:54:24+00:00 2022-03-28T12:47:33+00:00Comment
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