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Issue ID: 119858
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15g interest recieved limit

Date 10 Apr 2025
Replies 1 Reply
Views 773 Views
Asked by
Form 15G aggregation rule: total interest must be aggregated for income assessment filing, not bank-wise.
The depositor's interest receipts must be aggregated for income inclusion; total interest across all fixed deposits is required to be added to income and there is no mechanism to treat bankwise interest separately for declaring non-taxability under Form 15G. (AI Summary)

if i make 9 lakh amount of FD each at five banks . total amount 45 lakh. total interest say 3.6 lakh. can i fill 15g at each bank. some one told limit is 2.5 lakh interest.

please clarify for FY 2025 26

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