Senior citizens seek more time for filing forms 15G, 15H
The Hindu
‘If tax is deducted at source, they have to go to consultants’
With banks in Tamil Nadu operating with reduced business hours from Monday amid the surge in COVID-19 cases, senior citizens have called for extension of time for filing form 15G and form 15H. Form 15G and form 15H are self-declaration forms which individuals submit to the banks or financial institutions, requesting them not to deduct tax at source (TDS) on interest income as their income is below the basic income tax exemption limit. Resident individuals, aged 60 years or more, have to file form 15H at the beginning of each financial year (April) while those below 60 years of age have to file form 15G.
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