15G &15H Rules for submission

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.




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