Form for Not Deducting Tds?

You can submit Form 15G/Form 15H to request that no TDS be deducted since tax on your total income is nil. Post offices that are digitised also deduct TDS and accept Form 15G or Form 15H, if you meet the conditions applicable for submitting them.

What is form 15H?

Form 15H is a declaration under sub-section (1C) of section 197A of the Income Tax Act, 1961, to be made by an individual of the age of 65 years or more to claim certain receipts without deduction of tax.

Who can submit form 15H for TDS waiver?

Form 15H is for an individual who is of the age of sixty years or more ( senior citizens) while Form 15G is for all others for whom the total income will not exceed the maximum amount which is not chargeable to income-tax.