New Form 15G & Form 15H : New format & submission procedure

New Form 15G & Form 15H _ New format & submission procedure

Tax payers seeking non deduction of tax from certain incomes are required to file a self declaration in Form No. 15G or Form No.15H as per the provisions of Section 197A of the Income-tax Act, 1961.

In order to reduce the cost of compliance and ease the compliance burden for both, the tax payer and the tax deductor, the Central Board of Direct Taxes (CBDT) has simplified the procedure for self declaration and introducing new Form 15G and new Form 15H in new format. The procedure for submission of the Forms by the deductor has also been simplified.

The revised procedure shall be effective from the 1st October, 2015.

What is Form no. 15G / Form no. 15H?

If your total income is below the taxable limit, you can submit Form 15G and Form 15H to the bank or any deductor requesting them not to deduct any TDS on your interest. Form 15H is for senior citizens who are 60 years or older and Form 15G is for everybody else.

Form 15G/H help customers to avail exemption from TDS on interest earned on investments like bank fixed deposits or EPF withdrawals in a financial year. A fresh form 15 G/H to be submitted in each new financial year by the start of every financial year.

The maximum interest income not charged to tax during the financial year where form 15 G/H is submitted at bank(s) is as below :

  • Upto Rs 2,50,000/- for residents of India below the age of 60 years or a person( not being a company or firm ).
  • Upto Rs 3,00,000 for senior citizen residents of India who are between the age of 60-79 years at any time during the FY.
  • Upto Rs 5,00,000 for senior citizen residents of India who is 80 years or more at any time during the FY.

New Form 15G & Form 15H 

  • Under the simplified procedure, a payee / an individual can submit the self-declaration either in paper form or electronically.
  • The deductor (Example – Bank) will not deduct tax and will allot a Unique Identification Number (UIN) to all self-declarations in accordance with a well laid down procedure.
  • The particulars of self-declarations will have to be furnished by the deductor along with UIN in the quarterly TDS statements.
  • The requirement of submitting physical copy of Form 15G and 15H by the deductor to the income-tax authorities has been dispensed with.
  • The deductor will, however be required to retain Form No.15G and 15H for seven years.
  • The revised procedure shall be effective from the 1st October, 2015.

Click on the below image to ‘Download‘ new Form 15G and new Form 15H in PDF format. The attached file also has detailed instructions on how to fill new Form 15G & new Form 15H.

Download new form 15G & form 15H


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(References : PIB &

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  • sadhli says:

    My mom’s annual family pension for 2017-2018 is 2,07,168/- while the interest an all her FDs is 1,01,513/-.
    So total income coming around 3,08,681/-
    Can she submit 15G form ? her age is less than 60 years.

    • Dear sadhli ..Is she going to claim any Tax deductions??
      For Senior citizens the only condition is that their TAX LIABILITY Should Be Nil.
      Even if the Interest Income (including submissions to all institutions) exceeds the maximum Limit ,they can submit the Form 15 H.The total income means not GROSS INCOME. IT IS GROSS INCOME MINUS ALL ALLOWABLE DEDUCTIONS.IT IS THE TAXABLE INCOME.Means the tax liability should be NIL.

      • sadhli says:

        Thanks for the input but she is 55 so it’d 15G form and not 15H for which I needed your help.
        Regarding Tax Deduction, no she does not claim any tax deductions but she has one ELSS of 5000/-(tax benefit).
        I am still not clear as to why her gross and taxable income would be different as she is not wrking and getting only family pension from my dad’s employer. Then is it necessary for her to have any allowable deductions ?
        thanks in advance.

        • Dear Sadhli,
          I mis-read it as 60 years..
          Yes, Form 15G is applicable in her case.
          Kindly note that Family pension income is taxable.
          As, her total income is above basic exemption limit (Rs 2.5 Lakh), she cant submit Form 15g.

  • ABHISEK DAS says:

    There has been a slight mistake in my mother’s Form 15G for the FY 2017-18. In column 15 of Part I by mistake YES has been checked instead of NO. My mother does not file her annual return so till date is not assessed to Income tax. The fault is on part of the bank authorities, but now they are refusing to accept their mistake.

    Now, Sir, please guide me about the procedure to correct or rectify that error. and whether that error will ever cause any trouble or not ?

  • neha kapadia says:

    Dear Sir,

    I was working with an organization for a period of 2 years from 2009-2011. after quitting the job did my own practice, and have rejoined in another firm currently. Till date i have not withdrawn my epf of the period 2009-2011.
    Currently i am drawing taxable salary, but will be withdrawing my epf . I have few queries for the same
    1) do i need to submit form 15g
    2) will my withdrawal be taxable and at what rate
    3) in form 15 which AY should be written for previous years accumulated EPF withdrawn now.

  • Raman Chaudhari says:

    Sir ,
    Thanks for your previous reply..
    Now my income figures are as below
    Total annual Interest from F D :- Rs. 180000
    pension amount for the whole year + post office pension scheme :- Rs. 50000

    Now my question is that , Which figures shall put in the Form 15 H Column Number 15 , 16 and 17
    I am going to fill form online in April 2017 then what will be P Y in column 4

    Thanks a lot for your prompt reply

    • Dear Raman Ji,
      Col 15 – Rs 1.8 Lakh
      Col 16 : 1.8 Lakh + Rs 50k
      Col 4 – FY 2017-18

      • Raman Chaudhari says:

        Thanks Sir ,
        Form 15 H , Column no.4
        “Previous Year (PY) (for which declaration is made) ”
        You have replied as
        ” FY 2017-18″..
        Is it right Sir, Please, confirm it.
        I am extremely sorry and excuse me Sir as I have doubted it.
        Thanks a lot for your prompt help.

  • Pradipta Lahiri says:

    Dear Sir, Through your mail I came to know that 15G is valid for local residents only. I am settled in Gulf since 2007 & since then every year I am furnishing 15G to my bank. Now what is the solution?

    with best regards

    Pradipta Lahiri

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