Section 197A: Use Form 15G/15H to Avoid TDS if Income Below Taxable Limit. PAN Required, Specific Rules Apply.

Section 197A of the Income Tax Act allows individuals and certain entities to submit a self-declaration in Form 15G or 15H to avoid Tax Deducted at Source (TDS) on certain incomes if their total estimated income is below the taxable limit. This applies to residents, senior citizens, and specific non-residents under conditions. The declaration must be submitted in writing, and the payer must deliver a copy to tax authorities. Exemptions apply to certain payments, including those to the New Pension System Trust and specified financial institutions. Valid declarations require a PAN, and specific rules govern the submission and retention of these forms.

---

---

---