A Provident fund is a government-managed retirement savings scheme for employees who can contribute a part of their pension fund every month. And, Form 15G is a declaration that can be filled out by ...

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) ...

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 ...

The proposal aims to cut paperwork and prevent unnecessary tax deduction for eligible investors, especially senior citizens ...

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 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 ...

According to section 192A of the Income Tax Act, Tax Deducted at Source (TDS) will be deducted if the withdrawal amount exceeds Rs 50,000 and the employment tenure is less than 5 years. To avoid TDS ...

SBI, the country’s largest bank, has eased rules for submission of Form 15G and Form 15H by its account holders. SBI in a communication through Twitter said account holders can submit Form 15G and ...

The CBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically. Forms 15G and 15H are filed by persons whose incomes ...

Shailesh Bhagat is a Non Resident Indian (NRI) living in the US for the past 7 years. His only income from India is the interest that he receives on his Non Resident Ordinary (NRO) Account and Non ...