watch_later 09/04/21


A non  it returns filed above 70 years person

Rs:5 lacs fd in sbi

Rs: 5 lacs fd in Andhra bank

Two banks estimated interest income rs:35,000+Rs:32,000/-


A person form 15H submit to two banks compulsory.

2 Responses | Latest response: 14/04/21 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 10/04/21

Yes you have to submit form 15H to avoid TDS.

Banks have to deduct TDS regardless income of FD holder if interest amount is more than Rs. 40,000 (earlier Rs. 10,000) in a year.

So, to avoid TDS you should provide form 15H to both banks.

yes you have to submit


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