![]() ![]() Mention your residential status as a resident individual because NRI is not allowed to submit Form 15G.The previous year should be selected as the financial year for which you are claiming the non-deduction of TDS.Only individuals can furnish Form 15G, not by a firm or company.If you fail to furnish valid PAN details, your declaration will be treated as invalid. Valid PAN card is mandatory at the time of filing Form 15G. Following are the details you need to fill in the first portion of Form 15G: The first part is who wants to claim no-deduction of TDS on certain incomes. Total interest income for the financial year is less than the basic exemption limit.Tax liability calculated on the total taxable income for the Financial year is zero.Your age should be 60 years or less than.You must be a resident Indian for the applicable Financial Year.You are an individual or a person other than a company or a firm.Any individual above 60 years falls in the category of senior citizens.Įligibility criteria for submitting Form 15G Form 15G can be submitted by individuals below the age of 60 years.The current format of Form 15G and Form 15H (the senior citizens variant for Form 15G) introduced by CBDT (Central Board of Direct Taxes).The format of Form 15G has undergone considerable change in 2015 intending to simplify the compliance burden and costing of both tax deductee and deductor.Rules regarding the Form 15G are mentioned under the provisions of Section 197A of the Income Tax Act, 1961. ![]()
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