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

Overcome Top 5 Challenges Of MSME Loans In India

Running a micro, small, or medium enterprise (MSME) in India comes with its fair share of challenges. While these businesses contribute significantly to the country’s economy, accessing timely f...

KNOW MORE

April 10, 2024

Understanding The Letter Of Credit: A Guide To Smooth International Trade

Introduction If you’ve ever wondered how businesses navigate the complexities of international trade and ensure secure transactions, then you’ve come to the right place. In this guide, we ...

KNOW MORE

April 22, 2024

What Is Annualised Yield In Fixed Deposit?

When it comes to financial planning, fixed deposits (FDs) have long been a popular choice for Indian investors. Known for their simplicity and low risk, FDs offer a safe avenue for investment. However...

KNOW MORE

March 4, 2024