Hosted on MSN

To prevent TDS on FD under new tax regime can senior citizens with income up to Rs 12 lakh file Form 15H?

Form 15H is a boon for those senior citizens who have limited income but expect to earn more than Rs 1 lakh as interest from fixed deposit as this form may help them avoid the deduction of TDS under ...
Hosted on MSN

Want to avoid TDS on fixed deposit interest? This could come as relief for retirees under New Tax Regime

Senior citizens have an effective tool in Form 15H, which can help them prevent Tax Deducted at Source (TDS) deductions on interest earned from fixed deposits exceeding Rs 1 lakh. Under the new income ...
Mint

From Vivad Se Vishwas to Forms 15G and 15H, these 5 income tax deadlines expire today. Check list

There are a number of income tax (I-T)-related deadlines that are set to expire on April 30, 2025. One of the most pertinent ones is the deadline for the Vivad Se Vishwas Scheme 2024. Meant to reduce ...
moneycontrol.com

Avoid TDS on FD interest legally: How to use Form 15G and 15H in 2025

You can stop banks from deducting TDS on your fixed deposit interest—if your total income is below the taxable limit. Banks usually deduct 10% tax (TDS) if your FD interest is more than Rs 40,000 in a ...
Indiatimes

FD watch: These banks offer up to 8.5% interest to senior citizens for 3-year fixed deposits —check list

Good news for senior citizens. Higher returns are available on fixed deposits. Small finance banks offer up to 8.5% interest on three-year FDs. Utkarsh Small Finance Bank leads with the highest rate.