login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

When can I submit Form 15G/H for non-deduction of TDS?

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

The Form 15G/H needs to be submitted at the beginning of every financial year or at the time of deposit if in case the investment is done during financial year. In case of entities/companies the Lower tax deduction certificate needs to be submitted immediately after the date of issue or before 31st Mar (financial year end) whichever is earlier.

Note:- Form 15G/H is not applicable for cases wherein the deposit interest exceeds the tax exemption limit set by the income tax department. i.e Rs.2.5 lacs for individuals & Rs.3 lacs for senior citizens OR as applicable time to time.

Related articles

Upgrade Your Fleet This Durga Puja With Commercial Vehicle Loans

The festive season is upon us, and Durga Puja brings an opportunity to upgrade your commercial fleet with attractive vehicle loan offers. As a business owner, expanding or upgrading your fleet of comm...

KNOW MORE

October 10, 2024

Fixed Deposit Vs Savings Account: Where Should You Invest?

Getting started: Fixed deposit vs savings account Saving money is an important step towards achieving your life goals. However, simply saving money in a regular account may not be enough, as it doesn&...

KNOW MORE

May 8, 2024

What is Top-Up Fixed Deposit (FD) & Benefits Of Top-Up FD

Introduction If you’re looking for a safe and reliable investment option in India, Fixed Deposits (FDs) are an excellent choice. They offer steady returns and security for your hard-earned money...

KNOW MORE

April 26, 2024