Form 15G & 15H: Meaning, Eligibility & How to Submit

What are Form 15G and Form 15H?

Understand the purpose of the forms:

Form 15G

For resident individuals below 60 years and HUFs with taxable income within the exemption limit and nil tax liability.

Form 15H

For resident senior citizens aged 60 years and above with zero tax liability for the financial year.

What are the Differences Between Forms 15G and 15H?

A quick comparison makes it easier to understand which declaration applies to you.

Important Features of Form 15G & 15H

The features below explain how each declaration works and who can use it.

Form 15G

1. Prevents TDS on eligible income.
2. Applicable when tax liability is nil.
3. Valid for one financial year.
4. Not available to NRIs, firms, or companies.

Form 15H

1. Prevents TDS when tax liability is nil.
2. Covers eligible interest and specified income.
3. Valid for one financial year.
4. Requires fresh submission every year.

Example to Understand Who Can Submit Form 15G & Form 15H

The table below shows who can submit the forms:

Eligibility Criteria for Form 15G and Form 15H

Checking these requirements before submission helps avoid incorrect declarations:

When Should You Submit Form 15G & Form 15H?

The best time to submit Form 15G or Form 15H is at the beginning of the financial year, before interest is credited. 

For example, if taxable income is below the exemption limit but fixed deposit interest attracts TDS, submitting the declaration helps receive the full interest amount.

What to Do if I Forget to Submit Form 15G or 15H on Time?

Here are the ways to minimise the impact:

• Submit the form to the bank or deductor to prevent future TDS deductions.
• File an ITR to claim a refund for excess TDS after checking Form 26AS.

What are the Different Parts of Form 15G and Form 15H?

Both Form 15G and Form 15H consist of two parts:

How to Fill Out and File Form 15G and 15H?

If you are looking for how to fill form 15G, follow these simple steps:

Places Where Form 15H and 15G Can Be Submitted

Common places include:

1. Banks
2. Post offices
3. Insurance companies
4. Employer's office, where applicable
5. Income Tax Department e-filing portal
6. Other eligible financial institutions

TDS Sections Where Form 15G and 15H Can Be Used

Forms 15G and 15H can be used for specific income categories where TDS applies, subject to eligibility.

How to Check the Filing Status?

After submission, you can verify the status online in a few simple steps.

1. Open the “My Account” section.
2. Select View Form 15G/15H.
3. Check the uploaded statement.
4. Wait for validation, usually completed within 24 hours.
5. The status will appear as Accepted or Rejected.
6. If rejected, correct the errors and submit the form again.

Important Considerations While Filling Form 15G and 15H

Before submitting the declaration, review these important points to avoid errors.

• Submit only if you meet the eligibility criteria.
• File before the first eligible income payment.
• Provide accurate details to avoid penalties.

Submit the Right Form Today

Forms 15G and 15H help eligible taxpayers avoid unnecessary TDS on specified income. You can also explore tax-saving insurance plans to strengthen your tax planning and support your long-term financial goals.