Bank Deducted Your FD Interest? Submit Form 15G/15H to Save TDS Annually

• Form 15G/15H helps avoid TDS on FD interest if your annual income is below the tax bracket.
• Form 15G is for those under 60 (interest > ₹40,000, income within ₹3 lakh basic exemption limit).
• Form 15H is for seniors (60+) with zero tax liability (interest up to ₹50,000 exempt).
• Submitting these forms ensures full interest payment, increasing liquidity and avoiding ITR refund hassle.
• Remember to submit annually, have a PAN (else 20% TDS), and avoid false declarations to prevent penalties.