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

What Is Form 15G For FD? Learn To Save TDS On FD Interest Income

Are you a fixed deposit (FD) holder? If so, you may have heard about Form 15G and its role in saving you from the hassle of Tax Deducted at Source (TDS) on your FD interest income. But what exactly is...

KNOW MORE

March 1, 2024

How To Use Your Business Loan To Expand Your Business?

Are you an entrepreneur with big dreams of expanding your business? Do you have ideas for growth but lack the necessary funds to make them a reality? You’re not alone. Many small business owners...

KNOW MORE

April 10, 2024

7 Most Common Car Loan Mistakes To Avoid

Introduction: Buying a car can be an exciting milestone in one’s life. However, it can also be a costly affair, especially if you don’t plan your finances well. That’s where a car lo...

KNOW MORE

April 26, 2024