A Provident fund is a government-managed retirement savings scheme for employees who can contribute a part of their pension fund every month. And, Form 15G is a declaration that can be filled out by ...

However, if the limit of interest earned through the interest rate in a FD exceeds the prescribed limit, it is taxed under TDS. To avoid this, it is necessary to fill Form 15H and Form 15G when you ...

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 ...

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) ...

SBI Form 15G/H Rules For tax on Fixed Deposit, Recurring Deposit Interest: All those SBI customers, who do not have a taxable income, can fill out form 15G to request the bank not to deduct tax at ...

If you are eligible to fill Form 15G/15H and have completely forgotten to submit it, then the bank would follow the usual practice and deduct TDS on interest income. Have you ever wondered that even ...

As per the Income Tax Act of 1961, financial institutions like Bajaj Finance must deduct TDS if the interest income of customers investing in FDs exceeds Rs. 40,000 in a financial year (this limit is ...