Form 15H Eligibility

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..... Form 15H Eligibility
Query (Issue) Started By: - keyur dave Dated:- 26-3-2016 Last Reply Date:- 26-3-2016 Income Tax
Got 3 Replies
Income Tax
Hello, I am senior citizen having pension in .....

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..... 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 .....

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..... 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. .....

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..... 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 .....

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..... 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 .....

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..... 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 .....

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..... for appreciating my views. It boosts my morale. Thanks.
Discussion Forum - Knowledge Sharing .....

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