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How to Submit Form 15G/15H to Avoid TDS 2026

Submit Form 15G (under 60) / 15H (60+) at bank to avoid 10% TDS on FD interest.

📁 Tax ⏱️ 10-15 mins 💰 Free

About This Guide

Form 15G (below 60) and 15H (60+) avoid TDS on FD interest if total income below taxable limit. Banks deduct 10% TDS if interest > ₹40,000 (₹50,000 senior). Submit start of FY (April-May).

Eligibility Criteria

15G: Below 60, total income < ₹2.5L, no tax liability
15H: Senior 60+, tax liability NIL on total income
Resident Indian only

Documents Required

Keep these documents ready before starting application. Missing documents = delayed approval.

PAN (mandatory)
Aadhaar
Bank account details
Estimated annual income
FD account details

Step-by-Step Application Process

Follow these steps in order. Each step is critical - skip none.

Determine Form

Below 60: 15G. 60+: 15H.

Self-Assess

Total income below ₹2.5L? 15G. Senior with NIL tax? 15H.

Get Form

Bank branch, app, or download from incometax.gov.in.

Fill Form

Personal, PAN, address, status, total income, total interest.

Add Bank Details

Bank, branch, account, FD details, principal, interest.

Sign and Submit

At bank or online via Net banking.

Bank Acknowledges

Receipt confirming.

Per Bank Submission

Separate form for EACH bank.

Annual Submission

Fresh form every FY.

Key Benefits

Avoid 10% TDS
Save cash flow
No refund claim needed
Quick relief for low-income
Senior citizens save tax
Online submission
Per bank submission

What Happens After Application?

Bank stops TDS. If become ineligible, inform bank. Submit fresh annually. False declaration: ₹10K penalty.

Frequently Asked Questions

Submit if income taxable?

NO. Only if total income below taxable. False declaration ₹10K penalty.

Submit online?

Most banks allow via Net banking. Login → Tax/Forms → Form 15G/15H.