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

How-Fixed-Deposits-Can-Safeguard-Your-Retirement-Funds

How Fixed Deposit Can Safeguard Your Retirement Funds

Introduction Planning for retirement is an important financial step that requires careful consideration and strategic investments. While there are various investment options available, fixed deposits ...

KNOW MORE

July 10, 2024

Diversifying Investments With Multiple Types Of Fixed Deposits

Who doesn’t wish to grow their money with minimal risks? Everyone appreciates those extra gains. However, each FD investment carries some risks. But, the advantages of FD far outweigh the risks. A f...

KNOW MORE

February 23, 2024

Overdue Fixed Deposits & Its Impact On Interest Rates?

Introduction When it comes to investing, fixed deposits (FDs) have long been a popular choice among Indians. Their stability and predictable returns make them attractive to individuals looking for a s...

KNOW MORE

May 7, 2024