TMI BlogForm 15H EligibilityX X X X Extracts X X X X X X X X Extracts X X X X ..... Hello, I am senior citizen having pension income 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? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Or I have to pay TDS on interest earned and claim refund? Keyur - Reply By Ganeshan Kalyani - The Reply = Sir, it seems that your net income, after availing deduction u/s 80C of your inv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... estment in PPF, comes to 2.5 lacs which is below income tax slab. 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o ₹ 5lacs is exempt from income tax. Sir, your net income is 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. D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... educting TDS and claiming refund is a revenue neutral to the Income tax department. Thanks. - Reply By KASTURI SETHI - The Reply = Agreed with Sh.Ganeshan Kalyani, Sir. Thanks for enrichment of kno ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wledge. - Reply By Ganeshan Kalyani - The Reply = Thanks Sri Kasturi Sir for appreciating my views. It boosts my morale. Thanks. - Form 15H Eligibility - Query Started By: - keyur dave Dated:- 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6-3-2016 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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