Download 15g Form Online: A Complete Guide
If you are an individual whose income is below the taxable limit and you want to avoid tax deduction at source (TDS) on certain incomes such as provident fund (PF) withdrawal, fixed deposit (FD) interest, recurring deposit (RD) interest, etc., then you need to submit Form 15g to the concerned authority. In this article, we will explain what is Form 15g, how to download it online, how to fill it online, and how to submit it online.
download 15g form online
What is Form 15g and why is it important?
Form 15g is a self-declaration form to avoid TDS on certain incomes
Form 15g is a declaration form that an individual or a Hindu Undivided Family (HUF) can submit to the deductor (such as bank, employer, etc.) requesting not to deduct TDS on certain incomes as their total income is below the basic exemption limit. The basic exemption limit for financial year 2020-21 (AY 2021-22) is Rs.2.5 lakh for individuals below 60 years of age and Rs.3 lakh for senior citizens above 60 years of age.
Form 15g is useful for individuals whose income is below the taxable limit
If your total income (including interest income) is below the taxable limit, then you do not have to pay any tax on it. However, if your interest income from FDs, RDs, or PF withdrawal exceeds Rs.40,000 in a year (Rs.50,000 for senior citizens), then the deductor will deduct TDS at the rate of 10% (or 20% if PAN is not provided). To avoid this unnecessary deduction, you can submit Form 15g to the deductor and claim that your income is below the taxable limit.
Form 15g can be submitted for PF withdrawal, FD interest, RD interest, etc.
You can submit Form 15g for any income that is subject to TDS under section 194A of the Income Tax Act. Some of the common incomes for which you can submit Form 15g are:
PF withdrawal before completing five years of service and if the amount exceeds Rs.50,000
FD interest if the amount exceeds Rs.40,000 in a year RD interest if the amount exceeds Rs.40,000 in a year
Commission or brokerage income if the amount exceeds Rs.15,000 in a year
Rent income if the amount exceeds Rs.2.4 lakh in a year
Note that Form 15g is not applicable for TDS on salary income, lottery income, or capital gains income.
How to download 15g form online for PF withdrawal
Download 15g form online from EPFO portal
Download 15g form online from Income Tax website
Download 15g form online for RD or FD interest
Download 15g form online and fill it correctly
Download 15g form online in PDF format
Download 15g form online for TDS exemption
Download 15g form online for senior citizens
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Download 15g form online and submit it electronically
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Download 15g form online and upload it on EPFO website
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Download 15g form online and verify it with Aadhaar
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Download 15g form online for interest on NCDs income
Download 15g form online for interest on NSC income
Download 15g form online for interest on KVP income
Download 15g form online for interest on PPF income
Download 15g form online for interest on EPF income
Download 15g form online for interest on SCSS income
How to download Form 15g online?
Form 15g can be downloaded from EPFO portal, bank websites, or income tax website
You can download Form 15g online from various sources depending on the type of income for which you want to submit it. For example:
If you want to submit Form 15g for PF withdrawal, you can download it from the EPFO portal (
If you want to submit Form 15g for FD interest or RD interest, you can download it from your bank's website or app. Most banks provide the option to download Form 15g online.
If you want to submit Form 15g for any other income, you can download it from the income tax website (
Form 15g can be filled online or offline
Once you download Form 15g, you can fill it either online or offline. If you fill it online, you can save it as a PDF file and print it later. If you fill it offline, you can print it and fill it manually.
Form 15g has two parts: Part I for the declarant and Part II for the deductor
Form 15g has two parts: Part I and Part II. Part I is for the declarant (the person who is submitting the form) and Part II is for the deductor (the person who is deducting the tax). You have to fill both parts and submit them to the deductor.
How to fill Form 15g online?
Enter personal details such as name, PAN, status, address, etc.
In Part I of Form 15g, you have to enter your personal details such as name, PAN, status (individual or HUF), address, email id, phone number, etc. You also have to mention whether you are a resident or a non-resident.
Enter income details such as estimated income, previous year income, etc.
In Part I of Form 15g, you also have to enter your income details such as estimated income for the current year, previous year's income, total number of Form 15g filed in the current year, aggregate amount of income for which Form 15g filed in the current year, etc. You have to provide these details separately for each type of income for which you are submitting Form 15g.
Enter investment details such as PF account number, FD account number, etc.
In Part II of Form 15g, you have to enter your investment details such as PF account number, FD account number, RD account number, etc. You also have to mention the amount of income for which declaration is made and the section under which TDS is deductible.
Sign and submit the form online or offline
In Part II of Form 15g, you have to sign and date the form. You can either sign digitally or manually. You also have to mention your capacity (self or representative) and place. After signing the form, you can submit it online or offline to the deductor.
How to submit Form 15g online?
Login to EPFO portal or bank website and upload Form 15g
If you want to submit Form 15g online for PF withdrawal or FD interest or RD interest, you can login to the EPFO portal or your bank's website or app and upload Form 15g as a PDF file. You may have to register yourself first if you are a new user.
Verify your details and submit the form
After uploading Form 15g online, you have to verify your details and confirm that they are correct and complete. You also have to agree to the terms and conditions and declare that the information provided by you is true and accurate.
Receive confirmation and acknowledgement
After submitting Form 15g online, you will receive a confirmation message and an acknowledgement number for your reference. You can also download or print the acknowledgement receipt for your records.
Conclusion
Form 15g is a simple and convenient way to avoid TDS on certain incomes
Form 15g is a self-declaration form that you can submit to the deductor if your income is below the taxable limit and you want to avoid TDS on certain incomes such as PF withdrawal, FD interest, RD interest, etc. By submitting Form 15g, you can save your tax and increase your income.
Form 15g can be downloaded and filled online or offline
You can download Form 15g online from various sources such as EPFO portal, bank websites, or income tax website. You can also fill Form 15g online or offline by entering your personal details, income details, and investment details. You can sign the form digitally or manually.
Form 15g should be submitted before the due date to avoid penalties
You should submit Form 15g before the due date of the income for which you are submitting it. For example, if you are submitting Form 15g for FD interest, you should submit it before the end of the financial year. If you fail to submit Form 15g on time, you may have to pay penalties or face legal action.
FAQs
Q: Who can submit Form 15g?
A: Form 15g can be submitted by an individual or a HUF whose income is below the taxable limit and who wants to avoid TDS on certain incomes such as PF withdrawal, FD interest, RD interest, etc.
Q: Who cannot submit Form 15g?
A: Form 15g cannot be submitted by a company, a firm, a trust, a non-resident, or an individual whose income is above the taxable limit.
Q: What is the difference between Form 15g and Form 15h?
A: Form 15g is for individuals below 60 years of age and HUFs whose income is below the taxable limit. Form 15h is for senior citizens above 60 years of age whose income is below the taxable limit.
Q: How many times can I submit Form 15g in a year?
A: You can submit Form 15g as many times as you want in a year for different types of incomes. However, you have to mention the total number of Form 15g filed and the aggregate amount of income for which Form 15g filed in each form.
Q: How can I check the status of my Form 15g submission?
A: You can check the status of your Form 15g submission by logging in to the EPFO portal or your bank's website or app and entering your acknowledgement number. You can also contact the deductor for any queries or issues. 44f88ac181
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