About Form 15G

When your total income is less than Rs 2,50,000, no tax is payable by you. In such a
case, no TDS should be deducted on your income. With the help of Form 15G and Form
15H you can inform your banker that your income is less than the minimum exempt
income and ask them not to deduct TDS on interest earned by you.
Download Form 15G.
If bank has deducted excess TDS on the interest earned by you, read here to know what
you can do.

Who can fill Form 15G

you are Less than 60 years old
you are individual or HUF
Resident in India
Tax calculated on your Total Income is nil
Total interest income for the year is less than the minimum exemption limit of that
year, which is Rs 2,50,000 for financial year 2015-16.
How to Fill Form 15G

1.
2.
3.
4.
5.

Name of Assesse (Declarant) Enter your name as per income tax records.
PAN of the assesse PAN number as per your PAN card
Status Whether you are an individual or HUF
Previous Year current financial year for which you are filing up the form
Residential Status this form can only be filled by Residents. Check your
residential status here.
6.
Flat/Door/Block No details of your address
7.
Name of Premises details of your address
8.
Road/Street/Lane details of your address
9.
Area/Locality details of your address
10.
Town/City/District details of your address
11.
State details of your address
12.
PIN details of your address
13.
Email
14.
Telephone no
15.
(a) whether assessed to tax under the income tax act, 1961? If your income was
above taxable limit in any of the past 6 years, answer this question with yes.
(b) If yes, latest assessment year for which assessed mention the latest year in which
your income was above taxable limit.
16.

Estimated income for which declaration is made sum of income on which TDS should
not be deducted.
16. Estimated total income of the previous year in which income mentioned in column 16 to
be included Calculate your total income from all sources, salary, stipend, interest
income, any other income that you have earned during the year. Include the income
mentioned in 16. above.
16. Details of Form 15G other than this form filed during the previous year, if any; total
number of form no 15G filed and aggregate amount of income for which form 15G filed
If you have filled Form 15G in the past, mention the total number of Form 15G filed. Also
provide the total income for which Form 15G was filed
16. Details of income for which declaration is filed; Identification number of relevant
investment/account etc, Nature of Income, Section under which tax is deductible,
Amount of income Provide fixed deposit account number, recurring deposit details
details of NSCs, life insurance policy number etc. (many of these are chargeable to tax
under section 56 of the income tax act).
16. Signatures mention your capacity when signing on behalf of an HUF or AOP

How to fill Form 15G?

by Cleartax-Team on October 20, 2015 in Clubbing of Income, Income from Other
Sources, TDS
About Form 15G
When your total income is less than Rs 2,50,000, no tax is payable by you. In such a
case, no TDS should be deducted on your income. With the help of Form 15G and Form
15H you can inform your banker that your income is less than the minimum exempt
income and ask them not to deduct TDS on interest earned by you.
Download Form 15G.
If bank has deducted excess TDS on the interest earned by you, read here to know what
you can do.

Who can fill Form 15G

you are Less than 60 years old
you are individual or HUF
Resident in India
Tax calculated on your Total Income is nil
Total interest income for the year is less than the minimum exemption limit of that
year, which is Rs 2,50,000 for financial year 2015-16.
How to Fill Form 15G

16.
17.
18.
19.
20.

Name of Assesse (Declarant) Enter your name as per income tax records.
PAN of the assesse PAN number as per your PAN card
Status Whether you are an individual or HUF
Previous Year current financial year for which you are filing up the form
Residential Status this form can only be filled by Residents. Check your
residential status here.
21.
Flat/Door/Block No details of your address
22.
Name of Premises details of your address
23.
Road/Street/Lane details of your address
24.
Area/Locality details of your address
25.
Town/City/District details of your address
26.
State details of your address
27.
PIN details of your address
28.
Email
29.
Telephone no
30.
(a) whether assessed to tax under the income tax act, 1961? If your income was
above taxable limit in any of the past 6 years, answer this question with yes.
(b) If yes, latest assessment year for which assessed mention the latest year in which
your income was above taxable limit.
17.

Estimated income for which declaration is made sum of income on which TDS should
not be deducted.
17. Estimated total income of the previous year in which income mentioned in column 16 to
be included Calculate your total income from all sources, salary, stipend, interest
income, any other income that you have earned during the year. Include the income
mentioned in 16. above.
17. Details of Form 15G other than this form filed during the previous year, if any; total
number of form no 15G filed and aggregate amount of income for which form 15G filed
If you have filled Form 15G in the past, mention the total number of Form 15G filed. Also
provide the total income for which Form 15G was filed
17. Details of income for which declaration is filed; Identification number of relevant
investment/account etc, Nature of Income, Section under which tax is deductible,
Amount of income Provide fixed deposit account number, recurring deposit details
details of NSCs, life insurance policy number etc. (many of these are chargeable to tax
under section 56 of the income tax act).

17. Signatures mention your capacity when signing on behalf of an HUF or AOP