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

Fixed Deposit For Early Home Loan Repayment: Accelerating Mortgage Payoff

Owning a home is a cherished dream for many Indians. However, repaying a home loan over an extended period can be daunting. If you wish to achieve financial freedom sooner and reduce your long-term in...

KNOW MORE

April 17, 2024

Easy-tips-to-decide-on-a-budget-for-a-new-car-in-India

Tips To Decide On A Budget For A New Car In India

Buying a car is a significant financial decision. It’s important to determine a budget that aligns with your income and financial goals. So, are you wondering ‘how much should I spend on a...

KNOW MORE

July 5, 2024

How To Pick The Right Financing Term For A Business Loan

Starting or expanding a business requires financial support, and securing a business loan is often the best option. However, choosing the ideal business loan term can be challenging for small business...

KNOW MORE

April 10, 2024