Ideally, these forms should be submitted before the start of the financial year for which TDS is to be deducted or before the first income payment which is subject to TDS. (Image: Reuters) Question: ...

If you are meant to receive an interest income from a bank and your total annual income is likely to stay lower than the minimum threshold that qualifies for tax liability then you must intimate the ...

The proposal aims to cut paperwork and prevent unnecessary tax deduction for eligible investors, especially senior citizens ...

Income Tax Saving on FD: Fixed Deposits (FDs) provide an investor guaranteed returns in the form of interest earned on deposits. One can also get tax exemption on deposits of up to Rs 1.50 lakh under ...

Income Tax Return: April is a great opportunity to proactively plan your tax strategy for the upcoming fiscal year. One effective way to do so is by utilizing Form 15G or 15H to avoid Tax Deducted at ...

However, if an individual's total interest income is below the taxable limit, then they can submit Form 15G and 15H to the bank and request them not to deduct any TDS. Representative image. Source: ...

When it comes to tax, the well-established rule is that no income can escape it, except in cases where your income is lower than the taxable threshold. In such circumstances, your income is exempt ...

Form 15H is a tool that allows senior citizens to manage cash flow effectively. It eases the situation for those above 60 ...

New Delhi: In a customer-friendly move, the Union Bank of India has made it easier for its customers to submit Form 15G & H annually online using the bank’s Union Virtual Connect WhatsApp channel ...

'Tax is not required to be deducted from specified payments if a recipient files a self-declaration with the deductor for no deduction of tax.' IMAGE: Kindly note the image has been posted only for ...