TMI BlogForm 15H EligibilityX X X X Extracts X X X X X X X X Extracts X X X X ..... Form 15H Eligibility X X X X Extracts X X X X X X X X Extracts X X X X ..... come 230000 and interest income of 170000 totaling 400000. I am also investing 150000 in ppf. Can I submit form 15H to banks for not to levy TDS? Or I have to pay TDS on interest earned and claim r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... efund? Keyur Reply By Ganeshan Kalyani: The Reply: Sir, it seems that your net income, after availing deduction u/s 80C of your investment in PPF, comes to 2.5 lacs which is below income tax slab. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... For senior citizen of age between 60 to 80, income up to ₹ 3 lacs is exempt and very senior citizen of age above 80, income up to ₹ 5lacs is exempt from income tax. Sir, your net income is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... below the taxable income. Hence I am of the view that you are eligible to submit Form 15H to the Bank requesting not to deduct TDS. Deducting TDS and claiming refund is a revenue neutral to the Incom ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e tax department. Thanks. Reply By KASTURI SETHI: The Reply: Agreed with Sh.Ganeshan Kalyani, Sir. Thanks for enrichment of knowledge. Reply By Ganeshan Kalyani: The Reply: Thanks Sri Kasturi Sir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for appreciating my views. It boosts my morale. Thanks. X X X X Extracts X X X X X X X X Extracts X X X X
|