FM Nirmala Sitharaman has announced that senior citizens will now be allowed to submit Form 15H just once through their ...

The proposal aims to cut paperwork and prevent unnecessary tax deduction for eligible investors, especially senior citizens ...

Union Budget 2026: In a move aimed at simplifying tax compliance for retail investors, Finance Minister Nirmala Sitharaman in her Budget 2026 speech proposed enabling depositories to accept Form 15G ...

If you invest in certain instruments like bank fixed deposit, recurring deposit and corporate deposit, the interest you earn is taxed. Banks and post offices will deduct TDS (Tax deducted at source) ...

The revised Form 15H can now be submitted in banks and post offices to claim exemption from TDS on interest income on deposits.(Pradeep Gaur/Mint) The income tax department has issued a revised Form ...

Senior citizens have an effective tool in Form 15H, which can help them prevent Tax Deducted at Source (TDS) deductions on interest earned from fixed deposits exceeding Rs 1 lakh. Under the new income ...

Form 15H is for an individual who is of the age of sixty years or more while Form 15G is for all other individuals. If you have a bank fixed deposit, it’s time to make sure that your bank does not ...

State Bank of India (SBI), in a communication through Twitter said account holders can submit Form 15G and Form 15H online using internet banking facility. The Central Board of Direct Taxes (CBDT) has ...

Ideally, these forms should be submitted before the start of the financial year for which TDS is to be deducted or before the first income payment which is subject to TDS. (Image: Reuters) Question: ...

Union Budget 2026 eases tax compliance for senior citizens by allowing central Form 15H submission via depositories, streamlining interest income filings.