No Tax on Fixed Deposit
No Tax on Fixed Deposit #shorts
Form 15G and Form 15H are self-declaration forms that an individual submits to the bank requesting not to deduct TDS on interest income as their income is below the basic exemption limit.
FORM 15G : Resident Individual or HUF or trust or any other assessee but not a company or a firm with age less than 60 years
FORM 15H : Resident individual aged 60 years or more i.e. Senior citizen.
If you've Fixed Deposit in banks then this rule will save your money
[ TDS ON FD, TAX ON FD, TDS ON FIXED DEPOSIT, BANKS, BANKING ]
#finance #banks #fd #banking #money #tax #tds #personalfinance #fixeddeposit #youtubeshorts #financialfreedom