What is Form Form 15H?
Form 15H is a self-declaration that may be submitted by senior citizen aged 60 years or above to prevent TDS deduction on your income i.e. interest earned from fixed deposits (FD) and recurring deposits (RD) investments. Under existing rules, TDS is deducted on interest earned from bank FD and RD held by senior citizens only if annual interest income from these deposits exceeds Rs. 50,000 for financial year 2017-18.

Click here to download updated form 15H

When to Submit form 15H?
When to Submit form 15H?
For one financial year, Form 15H is valid. So, please submit these forms at the start of the financial year each year. This will ensure that your interest income will not be deducted by the bank. Delay can be avoided if you submit the required declaration at the beginning of the financial year itself.
Conditions you must fulfill to submit Form 15H
• Should be an individual tax assessee and not an entity or an organization
• Should be an Indian citizen residing in India
• Should be minimum 60 years of age
• The tax liability for the assessee for the applicable financial year should be nil
Forgot to submit Form 15H?
Forgot to submit Form 15H?
A lot of taxpayers forget to submit Form 15H on time. In such a situation, the bank might have already deducted the TDS. Based on your situation, you can do any of the following.
1. File your income tax return to claim refund of TDS
2. Submit Form 15H immediately to avoid further deductions for the current financial year.
Purposes for which Form 15H can be submitted
Purposes for which Form 15H can be submitted
While these forms can be submitted to banks to make sure TDS is not deducted on interest, there are a few other places too where you can submit them.
• TDS on EPF withdrawal –TDS is deducted on EPF balance if withdrawn before 5 years of continuous service. If you have had less than 5 years of service and plan to withdraw your EPF balance of more than Rs.50,000 (Rs 50,000 effective 1 June 2016, Rs.30,000 prior to that), you can submit Form 15G or Form 15H. However, you must fulfill conditions (listed above) to apply for these forms. It means the tax on your total income including EPF balance withdrawn should be nil.
• TDS on income from corporate bonds –If you hold corporate bonds, TDS is deducted on them if your income from them exceeds Rs 5,000. You can submit Form 15H to the issuer requesting non-deduction of TDS.
• TDS on post office deposits –Post offices that are digitized also deduct TDS and accept Form 15H, if you meet the conditions applicable for submitting them.
• TDS on rent – TDS is deducted on rent exceeding Rs 2.4 lakh annually. If tax on your total income is nil, you can submit Form 15H to request the tenant to not deduct TDS (applicable from 1 April 2019).
• TDS on Insurance Commission – TDS is deducted on insurance commission, if it exceeds Rs 15000 per financial year. However, insurance agents can submit Form 15H for non deduction of TDS if tax on their total income is Zero (with effect from 1 June 2017).

Frequently Asked Questions
Frequently Asked Questions
1. Can HUF submit Form15H?
HUF can apply Form 15 G if the conditions are met, but Form 15H is for individuals only.
2. Can NRIs submit Form 15H?
NRIs cannot submit Form 15H. These can only be submitted by resident Indians.
3. Do I need to submit Form 15H at all the branches of the bank?
Indeed, you should send one for each branch of the bank from which you collect interest income, but TDS will only be deducted if the total interest received from all branches exceeds Rs 10,000.
4. Does filing Form 15H mean my interest income is not taxable?
Form 15H is only a declaration that no TDS should be deducted on your interest income since tax on your total income is NIL. Interest income from fixed deposits, recurring deposits, and corporate bonds is always taxable.
5. Will my interest income become tax free if I submit Form 15H?
Interest income from fixed deposits and recurring deposits is taxable. For senior citizens deduction of Rs.50,000 is available under section 80TTB for the interest income from fixed deposits/post office deposits/deposits held in co-operative society. You should submit this form only if tax on your total income is zero along with other conditions.
6. I have submitted Form 15H but I have taxable income?
You must intimate to your bank that tax on your total income is not zero. The bank will make changes and deduct TDS accordingly. Do report the entire interest income in your tax return and pay tax on it as applicable. If you have already submitted one of these forms, but realise later in the year that your income is more than what you evaluated, assess your liability on the extra income and pay tax accordingly.
7. Do I have to submit this form 15H to the income tax department?
You don’t need to submit these forms 15H directly to the income tax department. Just submit them to the deductor, and they will prepare and submit these forms to the income tax department.
Important Information for Deductors
Important Information for Deductors
If you are a TDS deductor, the Income-tax Act requires you to allot a Unique Identification Number or UIN to everyone who submits a Form 15H. You must file a statement of Form 15H on a quarterly basis and must retain these forms for 7 years.
• TDS on EPF withdrawal – TDS is deducted on EPF balances if withdrawn before 5 years of continuous service. If you have had less than 5 years of service and plan to withdraw your EPF balance of more than Rs 50,000 (Rs 50,000 effective 1 June 2016, Rs 30,000 prior to that), you can submit Form 15G/ Form 15H. However, you must fulfil conditions (listed above) to apply for these forms, i.e. tax on your total income including EPF balance withdrawn should be nil.
• TDS on income from corporate bonds –If you hold corporate bonds, TDS is deducted on income from them exceeding Rs 5000. You can submit Form 15H to the issuer requesting to not deduct any TDS.
• TDS on post office deposits – Digitized post offices can also deduct TDS and accept Form 15H, if you meet the conditions applicable for submitting them.
• LIC premium receipts – Effective from October 2014, if the amount received from a policy exceeds Rs 1 lakh and it is taxable, 2% TDS shall be deducted by the insurer before paying. You can submit Form 15H to request that no TDS be deducted since tax on your total income is nil.
• TDS on rent – TDS is deducted on rent, if total rental payment in a year exceeds Rs. 2.4 lakh. If tax on your total income is nil, you can submit Form 15H to request the tenant to not deduct TDS (applicable from 1 April 2019).
• TDS on Insurance Commission – TDS is deducted on insurance commission, if it exceeds Rs 15,000 per financial year. However, insurance agents can submit Form 15H for non deduction of TDS if tax on their total income is nil, with effect from 1 June 2017.
How to fill Form 15H?
How to fill Form 15H?
Form 15H is divided into two parts – Part 1 and Part 2.
Part 1: This part has to be filled out by senior citizen individual applicants who wish to claim TDS on different types of income earned by them during the fiscal.
Let’s understand various points that have to be duly filled by the applicant before submitting the form.
• Name and PAN of Applicant
• Date of birth
• Financial year pertaining to the mentioned income
• Residential status
• Complete residential address and contact information
• The applicant has to enter ‘YES’ if he has been assessed in any of the years out of the six assessment years prior to the mentioned assessment year
• The estimated total income for which the applicant wishes to submit a declaration
• The estimated total income for the current year along with the estimated income in the previous point
• The exact number of Forms filled by the applicant along with the total income pertaining to which the declaration is being filed by the applicant
• Details pertaining to the applicant’s number of shares, account number of the deposit, NSS details and LIC policy number along with his employee code
• The applicant then needs to diligently verify and rectify the errors, if any, before signing the form.
Part 2: The second part of the form has to be filled and submitted by the deductor who is required to deposit the TDS deducted with the bank authorities. For example: A bank, which is supposed to deduct TDS on the interest earned by a depositor on fixed/recurring deposits.
How to fill Form 15H Online or Offline?
How to fill Form 15H Online or Offline?
Form 15H is divided into two parts – Part 1 and Part 2.
Part 1: This part has to be filled out by senior citizen individual applicants who wish to claim TDS on different types of income earned by them during the fiscal.
Let’s understand various points that have to be duly filled by the applicant before submitting the form.
• Name and PAN of Applicant
• Date of birth
• Financial year pertaining to the mentioned income
• Residential status
• Complete residential address and contact information
• The applicant has to enter ‘YES’ if he has been assessed in any of the years out of the six assessment years prior to the mentioned assessment year
• The estimated total income for which the applicant wishes to submit a declaration
• The estimated total income for the current year along with the estimated income in the previous point
• The exact number of Forms filled by the applicant along with the total income pertaining to which the declaration is being filed by the applicant
• Details pertaining to the applicant’s number of shares, account number of the deposit, NSS details and LIC policy number along with his employee code
• The applicant then needs to diligently verify and rectify the errors, if any, before signing the form.
Part 2: The second part of the form has to be filled and submitted by the deductor who is required to deposit the TDS deducted with the bank authorities. For example: A bank, which is supposed to deduct TDS on the interest earned by a depositor on fixed/recurring deposits.
Penalty for false / incorrect / wrong submission of Form 15H
Penalty for false / incorrect / wrong submission of Form 15H
Providing a false declaration in Form 15H just to avoid TDS can lead to fine and even imprisonment under Section 277 of the Income Tax Act, 1961. The following are the details of punishments u/s 277 of the IT Act, 1961.
• Imprisonment for a period of 6 months to 7 years if wrong declaration was provided to evade tax of more than Rs. 1 lakh
• For all other cases, imprisonment between 3 months to 3 years.
Hence, instead of making a false declaration, you should consider submitting Form 15H only if you are eligible to do so.
Factors Affecting Form 15H Submission
Factors Affecting Form 15H Submission: 
• Form 15H can only be submitted by an individual who has reached the age of 60 years and above i.e. senior citizens. Other individuals/HUFs are required to submit Form 15G in order to prevent TDS deduction.
• Form 15H can only be submitted by Indian citizens residing in India. It is not applicable to NRIs or foreigners.
• Form 15H has to be deposited at each and every branch of the bank, which is liable to pay interest to the individual on his deposits.
• Form 15H is just a declaration or an undertaking by an individual that the interest earned on his income should be kept free from any kind of TDS deduction, as his tax liabilities on total income earned is zero.
• An individual must always keep in mind that the income generated on his fixed deposits as well as recurring deposits is always taxable. Hence, this form should only be submitted when the individual is sure that the total income earned by him is lower than the taxation bracket.
• In case an individual has taxable income and still he has submitted Form 15H to the bank, he must immediately inform his bank regarding the same. Upon receiving intimation on time, the bank will make the required changes and deduct the applicable TDS on the interest income generated.
• Individual need not submit these forms to the Income Tax Department directly. It is the duty of the deductor to prepare a proper layout and submit the same to the IT department along with all the relevant details.

15h form, 15h form axis, 15h form bank of baroda download, 15h form blank, 15h form for financial year, 15h form hdfc ltd, 15h form hdfc netbanking, 15h form j&k bank, 15h form kya hota hai, 15h form meaning, 15h form sbi last date, 15h form submission last date 2019, 15h form ubi bank, 15h form uco bank pdf, 15h form union bank, 15h form video, axis bank 15h form, can form 15h be submitted in any branch, can form 15h be submitted online, can form 15h be submitted online in sbi, can huf file form 15h, can huf submit form 15h, can i fill 15h form online, can nri submit form 15h, can we submit form 15h online, download form 15h, download form 15h corporation bank, download form 15h hdfc bank, download form 15h karnataka bank, epf form 15h, form 15h, form 15h, form 15h pdf format, form 15h age limit, form 15h allahabad bank, form 15h allahabad bank pdf, form 15h amendment, form 15h and, form 15h and download, form 15h and g, form 15h and who can submit, form 15h andhra bank, form 15h assessment year, form 15h autofill, form 15h axis bank, form 15h axis bank ltd, form 15h axis bank pdf, form 15h ay 201920, form 15h ay 202021, form 15h bajaj finance, form 15h bandhan bank, form 15h bank, form 15h bank of baroda, form 15h bank of india, form 15h bank of maharashtra, form 15h benefits, form 15h bob, form 15h boi, form 15h calculator, form 15h canara bank, form 15h canara bank download, form 15h cbi, form 15h central bank of india, form 15h changes, form 15h citibank, form 15h city union bank, form 15h cleartax, form 15h conditions, form 15h corporation bank, form 15h criteria, form 15h declaration, form 15h dena bank, form 15h details, form 15h details, form 15h download, form 15h download, form 15h download 201920, form 15h download for pf withdrawal, form 15h download for post office, form 15h download hdfc, form 15h download hdfc bank, form 15h download icici bank, form 15h download in pdf, form 15h download in word format, form 15h download iob, form 15h download pdf axis bank, form 15h download pdf for pf, form 15h download sbi, form 15h download syndicate bank, form 15h download union bank of india, form 15h due date, form 15h editable, form 15h editable pdf, form 15h eligibility, form 15h enquiry in sbi, form 15h epf, form 15h example, form 15h excel, form 15h excel download, form 15h excel format, form 15h excel utility, form 15h exemption limit, form 15h explained, form 15h fill up, form 15h fillable, form 15h filled sample, form 15h filling guidelines, form 15h for, form 15h for assessment year, form 15h for assessment year 201920, form 15h for axis bank, form 15h for ay 201920, form 15h for ay 202021, form 15h for epf, form 15h for epf withdrawal, form 15h for fd, form 15h for fy 201920, form 15h for hdfc deposits, form 15h for hdfc ltd, form 15h for huf, form 15h for income tax, form 15h for nri, form 15h for pdf, form 15h for pf, form 15h for pf claim, form 15h for pf pdf, form 15h for pf withdrawal, form 15h for pf withdrawal download, form 15h for pf withdrawal download pdf, form 15h for pf withdrawal pdf, form 15h for pf withdrawal sample, form 15h for post office, form 15h for post office pdf, form 15h for rent, form 15h for rental income, form 15h for sbi, form 15h for scss, form 15h for senior citizen, form 15h for senior citizen download, form 15h for senior citizen pdf, form 15h for senior citizen post office, form 15h for senior citizen post office download, form 15h for senior citizens, form 15h for senior citizens download, form 15h for what purpose, form 15h for whom, form 15h format, form 15h g, form 15h g download, form 15h guidelines, form 15h hdfc, form 15h hdfc bank, form 15h hdfc ltd download, form 15h hdfc online, form 15h hindi, form 15h how to fill, form 15h how to fill 2019, form 15h how to fill up, form 15h icici bank, form 15h idfc bank, form 15h in excel, form 15h in pdf, form 15h in pf, form 15h in post office, form 15h in word, form 15h in word format, form 15h in xls format, form 15h income limit, form 15h income tax, form 15h income tax act, form 15h income tax bank of baroda, form 15h income tax download, form 15h income tax india, form 15h income tax online, form 15h income tax pdf, form 15h income tax return, form 15h income tax rules, form 15h india, form 15h india post, form 15h indian bank, form 15h indusind bank, form 15h is applicable for, form 15h is applicable for trust, form 15h is for, form 15h is for senior citizens, form 15h is furnished, form 15h is used for, form 15h kaise bhare, form 15h karnataka bank, form 15h karur vysya bank, form 15h kotak mahindra bank, form 15h kvb, form 15h kvb download, form 15h kya hai, form 15h last date, form 15h last date, form 15h last date 2019, form 15h latest, form 15h latest download, form 15h latest format, form 15h limit, form 15h mahindra finance, form 15h meaning, form 15h ms word format, form 15h new, form 15h new format, form 15h new rules, form 15h notification, form 15h of axis bank, form 15h of epf, form 15h of income tax, form 15h of income tax act 1961, form 15h of it act, form 15h of sbi, form 15h old format pdf, form 15h online, form 15h online filing, form 15h online sbi, form 15h online submission, form 15h online submission andhra bank, form 15h online submission axis bank, form 15h online submission bank of baroda, form 15h online submission hdfc, form 15h online submission hdfc bank, form 15h online submission icici bank, form 15h online submission pnb, form 15h online submission sbi, form 15h oriental bank of commerce, form 15h part 2, form 15h pdf, form 15h pdf allahabad bank, form 15h pdf axis bank, form 15h pdf canara bank, form 15h pdf central bank of india, form 15h pdf for epf withdrawal, form 15h pdf for pf, form 15h pdf hdfc bank, form 15h pdf latest, form 15h pdf post office, form 15h pdf sbi, form 15h pdf union bank of india, form 15h pf, form 15h pf withdrawal, form 15h pf withdrawal form download, form 15h pnb, form 15h pnb housing finance, form 15h post office, form 15h printout, form 15h proforma, form 15h purpose, form 15h rbl bank, form 15h requirement, form 15h revised format, “form 15h rule 29c (3)”, form 15h rule 29c 1a, form 15h rules, form 15h sample, form 15h sample filled, form 15h sample filled for fixed deposits, form 15h sample online, form 15h sbi, form 15h sbi download, form 15h sbi online, form 15h sbi sample, “form 15h section 197a(1c) and rule 29c(1a)”, form 15h section under which tax is deductible, form 15h senior citizen, form 15h senior citizen download, form 15h shriram transport, form 15h single page, form 15h soft copy, form 15h state bank of india, form 15h submission, form 15h submission date, form 15h submission last date, form 15h submission last date, form 15h submission online, form 15h syndicate bank, form 15h tax exemption, form 15h taxguru, form 15h tds, form 15h tds exemption, form 15h tds exemption download, form 15h template, form 15h tmb, form 15h to get tds waiver, form 15h uan, form 15h ubi, form 15h uco bank, form 15h under income tax, form 15h under income tax act, form 15h under income tax act 1961, form 15h under it act, form 15h under section 197 of the it act, form 15h union bank of india, form 15h united bank of india, form 15h used for, form 15h utility, form 15h utility download, form 15h vijaya bank, form 15h what is, form 15h when to submit, form 15h whether assessed to tax, form 15h who can submit, form 15h wiki, form 15h wikipedia, form 15h without pan card, form 15h word, form 15h word document, form 15h word download, form 15h word file, form 15h word format download, form 15h xls, form 15h yes bank, form and 15h, form and 15h, form and 15h difference, form and 15h download for pf withdrawal, form and 15h download pdf, form and 15h due date, form and 15h eligibility, form and 15h for fixed deposits, form and 15h for pf, form and 15h for pf withdrawal, form and 15h for pf withdrawal pdf, form and 15h means, form and 15h online submission, form and 15h pdf, form and 15h penalty, form and 15h purpose, form and 15h rules, form no 15h, form no 15h, form no 15h central bank of india, form no 15h download, form no 15h example, form no 15h filled sample, form no 15h for pf, form no 15h for pf withdrawal, form no 15h for senior citizens, form no 15h hdfc bank, form no 15h how to fill, form no 15h income tax, form no 15h latest, form no 15h meaning, form no 15h pdf, form no 15h pdf download, form no 15h post office, form no 15h sample, form no 15h sbi, “form no. 15h is applicable”, form no15h, form number 15h, generate form 15h, how fill form 15h, how to download form 15h, how to file form 15h, how to file form 15h online, how to fill form 15h, how to fill form 15h, how to fill form 15h for pf withdrawal, how to fill form 15h for post office, how to fill form 15h for senior citizen, how to fill form 15h new format, how to fill form 15h new format sample, how to fill form 15h online, how to fill form 15h online sbi, how to fill form 15h sample, how to get form 15h, how to submit form 15h online, how to submit form 15h online in axis bank, how to submit form 15h online in sbi, how to upload form 15h online, income tax form 15h how to fill, income tax form 15h latest, income tax form 15h revised, kotak form 15h, kotak form 15h online, rbi form 15h, rbl form 15h, revised form 15h, what form 15h, what if form 15h, what is 15h form for tds, what is 15h form in bank, what is 15h form in sbi, what is 15h form of income tax in india, what is form 15h, what is form 15h, what is form 15h for pf, what is form 15h for senior citizen, what is form 15h in income tax, what is form 15h in india, what is form 15h in pf, what is form 15h of income tax, what is form 15h used for, what is form no 15h, what to fill in form 15h, when form 15h is filled, when form 15h to be submitted, when is form 15h applicable, when is form 15h required, when should form 15h be submitted, when should we submit form 15h, when to file form 15h, when to give form 15h, when to submit form 15h to bank, where to get form 15h, where to submit form 15h, which form 15h, who can file form 15h, who can fill form 15h, who can fill up form 15h, who can give form 15h, who can issue form 15h, who can submit form 15h, who can submit form 15h for tds waiver, who has to file form 15h, who has to fill form 15h, who has to submit form 15h, who is eligible for form 15h, who issues form 15h, who should file form 15h, who should fill form 15h, who should submit form 15h, who submit form 15h, who will fill form 15h, why form 15h is required, why form 15h is used, why is form 15h required, why to fill 15h form, why to submit form 15h