If you invest in certain instruments like bank fixed deposit, recurring deposit and corporate deposit, the interest you earn is taxed. Banks and post offices will deduct TDS (Tax deducted at source) ...

Ideally, these forms should be submitted before the start of the financial year for which TDS is to be deducted or before the first income payment which is subject to TDS. (Image: Reuters) Question: ...

TDS is the process of collecting tax as and when the income is generated. It streamlines the process of collecting taxes for the tax department. TDS is applicable on several incomes such as salary, ...

With the start of the new financial year, it is time to file Form 15H and Form 15G to avoid the tax deduction at source (TDS) while computing the interest earned during the financial year. These forms ...

State Bank of India (SBI), in a communication through Twitter said account holders can submit Form 15G and Form 15H online using internet banking facility. The Central Board of Direct Taxes (CBDT) has ...

Income Tax Return: April is a great opportunity to proactively plan your tax strategy for the upcoming fiscal year. One effective way to do so is by utilizing Form 15G or 15H to avoid Tax Deducted at ...

This being the first quarter of the financial year it is important for all the people who want to receive interest without deduction of tax to submit form 15G and 15H immediately to the banks Let us ...

Income Tax Saving on FD: Fixed Deposits (FDs) provide an investor guaranteed returns in the form of interest earned on deposits. One can also get tax exemption on deposits of up to Rs 1.50 lakh under ...

The Central Board of Direct Taxes has extended the validity of Form 15G and Form 15H till June 30, 2020. These two forms are normally filed by tax payers, whose income is not taxable - to avoid ...

With banks in Tamil Nadu operating with reduced business hours from Monday amid the surge in COVID-19 cases, senior citizens have called for extension of time for filing form 15G and form 15H. Form ...