Form 15H, Declaration to Avoid TDS on Interest (Senior Citizens)
The senior citizen equivalent of Form 15G, with a more relaxed eligibility condition based on nil tax liability rather than income level.
Who files it
Resident senior citizens (60 and above) whose estimated tax liability for the year is nil.
Frequency
Annual, submitted at the start of each financial year or when opening a new deposit
Due date
Before the first interest credit of the financial year, ideally
Filed with
Submitted to the bank or institution paying the interest, which reports it to the department.
Unlike Form 15G, which is tied to a specific income threshold, Form 15H is available to any senior citizen whose final tax liability for the year works out to nil, which can include those using deductions and the Section 87A rebate to bring their liability down, not just those with very low gross income.
The higher basic exemption limits available to senior and super senior citizens under the old regime, along with the Section 80TTB deduction for interest income, mean more seniors qualify for this than the equivalent Form 15G threshold would suggest for someone under 60.
This is a quick-reference summary, not a filing walkthrough. Due dates shown are the statutory defaults and can be extended in practice; applicability depends on your specific registration, turnover, and entity type. For general informational purposes only, not professional tax or legal advice.