What is Income Tax ?
It is a tax levied by the Government of India on the income of every person. The provisions governing the Income-tax are covered in the Income-tax Act, 1961.
What is Form 15G and Form 15H?
Form 15G and Form 15H are used for TDS is not deducted by Bank on income of Interest. This form applicable which income below the taxable limit in financial year and have a PAN number. These forms can be submitted online through the bank’s website for some banks and as well as offline mode. What …