What is Form 15G and 15H?
Do you know the interest you earn from the fixed deposit or post office deposit is taxable? If you have these investments, you must know about Form 15G and Form 15H. Banks deduct TDS when your interest is more than Rs. 40,000 in a year. But, if your total income is less than Rs. 2, 50,000 per year, you should submit Form 15G and Form 15 H to the bank or post office, asking them to not deduct any TDS.