form 15g or 15h or form 121 for bank purposes

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....orm 15g or 15h or form 121 for bank purposes<br> Query (Issue) Started By: - Sundaraiah kollipara Dated:- 14-3-2026 Last Reply Date:- 16-3-2026 Banking - Finance<br>Got 1 Reply<br>Companies Law<br>sir, A person two banks amount deposit in TDS some amounts question: a person TDS not deducted Form 15G,15H or Form 121 applicable for bank submit purposes Reply By YAGAY andSUN: The Reply: ....

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.... If a person has deposits in two banks and wants TDS (Tax Deducted at Source) not to be deducted on interest, the applicable declaration forms are: 1. Form 15G • For individuals below 60 years (not senior citizens). • Condition: Total income should be below the taxable limit for the financial year. • The person must submit Form 15G separately to each bank ....

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....where deposits exist. 2. Form 15H • For senior citizens (age 60 years or above). • Used to request the bank not to deduct TDS on interest if tax liability is nil. • Must also be submitted to each bank separately. 3. Form 12B • Not applicable for banks for TDS on interest. • It is used for salary details when changing jobs, not ....

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....for bank interest. Conclusion: • Use Form 15G (below 60 years) or Form 15H (60+ years). • Submit the form to each bank individually where deposits are held. Example: If a person has FD in Bank A and Bank B, they must submit Form 15G/15H to both banks.<br> Discussion Forum - Knowledge Sharing ....