1.0Teextilehttps://teextile.comClare Louisehttps://teextile.com/author/clare-louise/rich600338<blockquote class="wp-embedded-content" data-secret="TFHGObcdbY"><a href="https://teextile.com/16-important-points-to-remember-while-submitting-form-15g-and-15h/">16 Important points to remember while submitting Form 15G and 15H</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://teextile.com/16-important-points-to-remember-while-submitting-form-15g-and-15h/embed/#?secret=TFHGObcdbY" width="600" height="338" title="“16 Important points to remember while submitting Form 15G and 15H” — Teextile" data-secret="TFHGObcdbY" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> https://teextile.com/wp-content/uploads/2021/09/Untitled1-1.png900471TDS (Tax Deducted at Source) is the tax paid in advance by a person on incomes from sources like salary, business, capital gains, house property, etc. If the yearly interest is below Rs.5000/Rs.10000 the person is not liable to tax deduction at source. For senior citizens, the limit is Rs.50000. However, this tax deduction can be avoided by submitting form 15G and form 15H. The Income Tax Act 1961 states that if the total taxable income is between INR 2.5 lakhs and INR 5 lakhs, it can be subjected to the tax rebate and the tax liability can be nullified. […]