Ideally, these forms should be submitted before the start of the financial year for which TDS is to be deducted or before the first income payment which is subject to TDS. (Image: Reuters) Question: ...

As per the Income Tax Act of 1961, financial institutions like Bajaj Finance must deduct TDS if the interest income of customers investing in FDs exceeds Rs. 40,000 in a financial year (this limit is ...

However, if an individual's total interest income is below the taxable limit, then they can submit Form 15G and 15H to the bank and request them not to deduct any TDS. Representative image. Source: ...

The proposal aims to cut paperwork and prevent unnecessary tax deduction for eligible investors, especially senior citizens ...

Union Budget 2026 brings significant relief for retail investors by simplifying tax compliance related to TDS exemption. Finance Minister Nirmala Sitharaman announced that depositories like NSDL and ...