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India mourns as nation bids farewell to Manmohan Singh with full state honours | Narendra Modi-led Union Cabinet passes 'Condolence Resolution' on passing of ex-PM Manmohan Singh | Space will be allocated for Manmohan Singh's memorial, announces Centre | He was my friend, philosopher, and guide: Sonia Gandhi remembers Manmohan Singh in an emotional post | Vladimir Putin condoles Manmohan Singh's death, calls him 'outstanding statesman' | Congress writes to PM Modi seeking space for building a memorial to Manmohan Singh | Manmohan Singh will be remembered as a kind person, a learned economist, and a leader dedicated to reforms: PM Modi | Russian ambassador to India Denis Alipov grieves Manmohan Singh's demise | Mumbai terror attack shook Manmohan Singh badly, recalls former deputy NSA | I have lost a mentor and guide: Rahul Gandhi writes on Manmohan Singh's demise
Submit Form 15G or Form 15H to avoid TDS on your Interest Income

Submit Form 15G or Form 15H to avoid TDS on your Interest Income

Sep 27, 2018, at 03:04 pm

It is mandatory for financial institutions to deduct TDS (Tax Deducted at Source) on interest income on investments exceeding Rs.10,000, or Rs.5,000, if you have a company FD. This limit has been extended to Rs.50,000 for senior citizens. Typically, the financial institutions deduct this tax, and you can adjust is later when filing your income tax returns or paying your tax amount.