How to E-File Forms 15G & 15H on the E-Filing Portal
Online Filing of Forms 15g and 15h
In this post, we’ll learn how to e-file Form 15G & Form 15H on the ITR portal, including its other aspects. Let’s go through each section in detail:
What are Form 15G and Form 15H?
Form 15G or Form 15H are self declarations made by the taxpayer that they are not liable for tax and that no TDS should be deducted from any payments made to them.
The tax deduction must accept the form created electronically or manually. They are also required to confirm the declarant’s information and be responsible for the declarant’s authenticity in any legal issue.
Key Differences Between Form 15G and Form 15H are:
| Particulars | Form 15G | Form 15H |
| Who can submit? | Resident individuals below 60 years, HUFs, trusts (not firms/companies) | Resident individuals aged 60 years or more (senior citizens) |
| Tax condition | Total tax payable should be NIL | Total tax payable should be NIL |
| Income limit | Interest income less than ₹2.5L (old regime) or ₹3L (new regime) | No specific limit, but income should be below exemption limit |
| Applicable for | Mainly young earners & others with low income | Senior citizens with low or no taxable income |
| Resident status | Only for residents | Only for residents |
| Not for | Non-resident individuals | Non-resident individuals |
Applicability of 15G and 15H.
You can submit Form 15G to avoid TDS on interest income if:
- Your total income for the year is less than ₹2.5 lakh
- You are below 60 years of age and an Indian resident
- You don’t have any tax liability for that year
- Even HUFs (Hindu Undivided Families) with income below ₹2.5 lakh can submit this form
Form 15H is meant only for senior citizens (60 years or above) who are Indian residents. You can submit it if:
- Your total taxable income is nil for the year
- You qualify for full tax rebate under Section 87A
- Your income after all deductions and rebate is not taxable
So, if you are a senior citizen and your net income is below the taxable limit, Form 15H helps you avoid TDS deduction on your interest.
Form 15G Sample
Form 15H Sample
When Should You Submit Form 15G and Form 15H?
Form 15G and Form 15H are valid only for one financial year. So, make sure you submit them at the start of every financial year. This way, the bank won’t deduct TDS on your interest income.
Forgot to Submit Form 15G or Form 15H?
Many people forget to give Form 15G or 15H to the bank on time. If this happens, the bank may have already cut TDS from your interest. You can take any of the following actions, depending on your circumstances.
- File your Income Tax Return to get refund: If TDS has been deducted, the only way to get it back is by filing your ITR. The bank can’t return the money – they have already sent it to the Income Tax Department. Once you file your return, the department will refund the excess TDS.
- Submit Form 15G/15H as soon as possible: Banks usually deduct TDS every quarter. If you missed giving the form earlier, don’t worry. Submit it at the earliest so that no more TDS is cut in the remaining months of the financial year.
Important Information for Deductors
If you are a TDS deductor, you must give a Unique Identification Number (UIN) to every person who submits Form 15G or 15H. You also need to file a statement for these forms every quarter. And remember – keep all submitted forms safely for 7 years.
Cases where Form 15G/H can be submitted apart from the bank
While these documents are used at banks to ensure that TDS is not deducted by the deductor on interest earned on the deposits, there are a few other locations too where they can be submitted provided the taxpayer meets the requirement for the declaration for total annual income less than Rs 2.5 lakh and having a valid & operative PAN. In case of an Invalid or Non-Operative PAN, 20% tax will be deducted.
TDS on EPF withdrawal
If the taxpayer withdraws the EPF amount before 5 years of continuous service and the amount is more than Rs 50,000, then TDS is deductible. In such cases, the taxpayer can use Form 15G or Form 15H to ensure no TDS deduction on the amount being paid.
TDS on income from corporate bonds
In the case of corporate bonds, TDS is deducted if the income from such bonds exceeds Rs 5,000. Taxpayers can request for non-deduction of TDS by submitting Form 15G or Form 15H to the issuer.
LIC premium receipts
An LIC policyholder can use Form 15G/Form 15H to request that no TDS be deducted on the maturity proceeds that exceed Rs 1 Lakh.
TDS on post office deposits
Form 15G/H can be submitted to the post office to avoid tax deduction on the maturity or interest amount earned from various deposits and schemes.
TDS on Rent
TDS is charged on rents that exceed Rs 50,000 per month (w.e.f 1st Apr 2025). If the total income of the taxpayer is below 2.5 Lakh, the landlord can request the tenant to not deduct TDS using Form 15G or Form 15H. (applicable from 1 April 2019).
TDS on Insurance Commission
If the insurance commission exceeds Rs 15000 in a financial year, TDS is deductible on such income. However, insurance agents can file Form 15G/Form 15H for non-deduction of TDS if their total annual income is less than 2.5 Lakh.
How to e-file Form 15G & Form 15H on ITR online portal?
If you are a deductor, you can file Statement Forms 15G and 15H on the income tax department’s website.
To start the process, the deductor must have a valid TAN and register on the income tax e-filing website as a Tax Deductor & Collector. After registration, the deductor can proceed to file Form 15G/15H quarterly.
Preparation Process
- The tax deductor assigns a Unique Identification Number, or UIN, to each entity that submits a Form 15G or Form 15H to them. UIN is mandatory to be provided for both Form 15G/15H filing as well as eTDS return filing.
- These forms are retained for a minimum of seven years by the deductor.
- The UIN has three fields: the sequence number, the financial year, and the payer/TAN. Deductor’s.
- The payer must digitise the paper declaration (if received any), which must have the same sequence number of UIN as that of the electronically submitted.
Filing Process
- Go to https://eportal.incometax.gov.in/ and login to the portal using TAN.
- Click ‘e-file‘ and then ‘File Income Tax Forms‘.
- Here, click on ‘Person not dependent on any source of income’ and the ‘Tax Deduction at Source – Form 15G/H’. Next click on ‘File Now’.
- Next, select the ‘Financial Year and Quarter’ and select ‘Online’ as Submission mode. Click on ‘Continue’ and ‘Lets Get Started’.
- Now click on ‘Basic and Income Details’
- In the next screen, Download the CSV template for both Basic and Income details.
- Fill in the details in both the CSV files and save them.
Note: Read the instructions to fill the CSV template before entry. Alternatively, the deductor can also generate the Form 15G / Form 15H XML output for a software provided by any approved software vendor. This file can be uploaded at the portal.
- Now back in the portal, attach the saved CSV file / XML File of both basic details and income details.
- If any errors are shown, rectify and re-attach the same
- Save and Preview.
- Next, click on ‘Proceed to E-verify’
- Confirm and Continue to e-verify using DSC
- To digitally sign, download the emsigner utility and install the system
- Once the emsigner is in running status, confirm the same in the portal and continue.
- Now, select the DSC provider name and certificate. Enter the Certificate Password.
- Click on Sign.
- On confirmation of submission, the file will be submitted and the acknowledgment will be displayed.
- You can download the acknowledgement for future reference.
We have reached the conclusion of this post on how to e-file Form 15G & Form 15H on the ITR online portal. Feel free to share your views and opinions with us in the comment section below.
FAQs
Q. What is the difference between Form 15G and 15H?
Ans: Form 15G is for people below 60 years, HUFs or trusts. But Form 15H is only for senior citizens. Organisations can’t use Form 15H.
Q. What is Form 15H's validity?
Ans: Your Form 15H submission is valid for one year. That means you’ll have to submit it every financial year. The same goes for Form 15G. It, too, must be filled out and submitted each year.
Q: Do I need to give Form 15G or 15H to all banks where I have FDs?
Ans: Yes, if you have fixed deposits in different banks and you are eligible to submit Form 15G or 15H, you need to give the form to each bank separately.
