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Anonymous
Dear Team,
I want to get detail information against what is the difference between 15g & 15h, Aside this i also wanna get aware about how can i file the return against T.D.S deducted on maturity of F.D.R.

From India, Lucknow
The form 15 H is for Senior Citizens and Form 15 G is for everybody else.
From India, Hyderabad
The main difference between Forms 15G and 15H is that Form 15G is meant for non-senior citizens whereas Form 15H is meant for senior citizens only.
To be eligible to furnish Form 15G, the non-senior citizen investor needs to fulfill the following two conditions:
(a) The final tax on his estimated total income computed as per the provisions of the Income Tax Act should be nil; and
(b) The aggregate of the interest income etc. received during the financial year should not exceed the basic exemption slab for the relevant assessment year.
If both these conditions are satisfied, Form 15G may be furnished to the bank or the post office and the entire interest income can be received without any TDS deduction.
It may be noted that new set of forms are required to be filed every year and the eligibility criteria as stated above needs to be examined every year before furnishing the forms .
For the sake of safety and avoidance of any TDS at source it would be ideal to submit these forms at the beginning of the financial year so that no TDS deduction is made on the entire amount of interest. If the form is filed somewhere in the middle of the year, the tax already deducted would have to be claimed as a refund and this would mean going through all the formalities which could have been avoided.

From India,
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