15G &15H Rules for submission
Hi Friends ,
After a long struggle to find out regarding rules regarding submission of 15G & 15H , i can proudly present you my study analysis in a nut shell.
From the Picture shown above and lots of research i post these below :
Below 60 years of age :-
First Condition :-
Net Taxable income ie., { Total Income - Savings (80C, 80D etc.,) } should be less than 200000 (2 lakh) .
Second Condition :-
Basic Exemption limit for income from Interests (FD's share's bonds etc .,) should be less than 200000 (2 lakh)
Above 60 years of age :-
First Condition :-
Net Taxable income ie., { Total Income - Savings (80C, 80D etc.,) } should be less than 250000 (2 lakh fifty thousand) .
Second Condition :-
Income from Interest basic exemption limit condition doesn't hold good for senior citizens.
Above 80 years of age :-
First Condition :-
Net Taxable income ie., { Total Income - Savings (80C, 80D etc.,) } should be less than 500000 (5 lakh ) .
Second Condition :-
Income from Interest basic exemption limit condition doesn't hold good for senior citizens.
I sincierly welcome comments for this post :
From the Picture shown above and lots of research i post these below :
Below 60 years of age :-
First Condition :-
Net Taxable income ie., { Total Income - Savings (80C, 80D etc.,) } should be less than 200000 (2 lakh) .
Second Condition :-
Basic Exemption limit for income from Interests (FD's share's bonds etc .,) should be less than 200000 (2 lakh)
Above 60 years of age :-
First Condition :-
Net Taxable income ie., { Total Income - Savings (80C, 80D etc.,) } should be less than 250000 (2 lakh fifty thousand) .
Second Condition :-
Income from Interest basic exemption limit condition doesn't hold good for senior citizens.
Above 80 years of age :-
First Condition :-
Net Taxable income ie., { Total Income - Savings (80C, 80D etc.,) } should be less than 500000 (5 lakh ) .
Second Condition :-
Income from Interest basic exemption limit condition doesn't hold good for senior citizens.
I sincierly welcome comments for this post :
