How to claim refund for tax deducted on fixed deposit interest by the bank?
A senior citizen can submit form No. 15 H if the total tax on her income is nil
Source: livemint.com
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Bank, Post FDs, PPF, NPS: Last-minute income tax saving options taxpayers can opt for
Taxpayers opting for Old Tax Regime can save taxes by investing in tax saving FD schemes, life insurance premium, tuition fees, home loan principal repayment. Fixed deposits are one of the best tools for tax saving.
Source: businesstoday.in
Want to avoid TDS on FD interest, rent? File Form 15G or 15H
Use these forms to eliminate avoidable TDS on income from interest, commission, rent and so on. Although there is no specific deadline for submitting these forms, it is best to do so in advance, preferably in April or May
Source: moneycontrol.com
Customers Of This Bank Can Submit Their Form 15/H For Free Via Doorstep Banking
Form 15G/15H is submitted by individuals to the bank to stop them from automatically subtracting tax deducted at source (TDS) from their interest
Source: news18.com
First Thing To Do in FY24: escaping the TDS Clutches
TDS usually constitutes a lion’s share of about 47% of the gross direct tax collections
Source: livemint.com