Save TDS on Interest Income - Bank FD | How to fill Form 15G for Bank Deposits (Hindi) | PY 2023-24

[@sanjeev1776]

Thanks a lot Ma'am, Its really very helpful. You explained each and every point very well. Your new subscriber. Was searching for 15G for my wife FD.

[@mallikanawal]

Thank you so much Sanjeev Ji. My very best to you and your wife.

[@sanjeev1776]

@@mallikanawal 🙏🙏🙏

[@Chukandariya]

Very well explained,all my confusions got clear after watching this video. Thank you very much for the guidence Madam. 😀

[@mallikanawal]

Thank you so much for your kind words :)) Have a great day ahead

[@anskmaster777]

Bahut hi achhi video aapne bnai..

[@mallikanawal]

Thank you.

[@manojrajak7317]

Very very thank u mam, bahut confusion tha, is video se sb clear ho gaya. Thank u so much mem.

[@mallikanawal]

Glad you found it helpful Manoj ji

[@advmaheshsoni5404]

धन्यवाद जी बहुत अच्छा समझाया आपने।

[@mallikanawal]

:)) Shukriya

[@sonaligupta_rollno-2518]

Ma'am I have made 4 FD's of 1 lakh each at a interest of 7%on 15 March 2022. Now I again made an 3 FD's of 1 lakh each on 10 June 2023 at a interest of 7%. I want to ask that I also have to submit TDS form? Since for this financial year 2023-2024 the internet earn is nearly 21 thousand which is less than 40,000. And for last financial year the internet generated in 28 thousand which is less than 40000. Or is it like that the total interest is calculated here that is 21000 + 28000. I am confused in this topic since both FD are made on different financial year. Please clarify my doubt ma'am.

[@mallikanawal]

You actually don't need to submit any TDS (Form 15G) since your total interest is below 40,000. Ergo bank will not deduct TDS. And no, we will only take the interest income for this financial year, i.e. 21,000

[@toxicmuscularity]

Ma'am, agar corporate bond ke liye kare to “Identification number of relevant investment/account, etc” box me kya likhenge ?

[@mallikanawal]

Just write the ISIN number then... If you have any difficulty in finding the ISIN number, you can refer the database on CDSL. Else just logon to Easi/Easiest and goto View. You'll get the ISIN from there too.

[@toxicmuscularity]

@@mallikanawal Thank You Ma'am

[@mallikanawal]

@@toxicmuscularity You're most welcome.

[@AnilKumar-dt3qt]

Thanks mam for valuable information.

[@mallikanawal]

You're most welcome

[@shruthib.g4083]

Thank you so much for the vedio

[@mallikanawal]

You're absolutely welcome. Pleasure to make your acquaintance

[@amolpalkar6986]

Great So eassy

[@mallikanawal]

Thank you... Glad it helped

[@akjk1990]

Good

[@mallikanawal]

Thank you so much :))

[@akjk1990]

@@mallikanawal your voice just awesome 💯

[@prasoonsrivastava9932]

Mam plz tell me kya ager so teen FD ho to har FD Ke liye alag 15G form fill karenege..

[@Finance-up3pe]

Hanji tino ke liye alg alg lgega

[@mallikanawal]

Same bank or different banks?

[@Laillahillaha]

Mam Maine Car liya hai apne naam pe relatives ke liye (EMI pe). Uss car ki emi bharne ke liye mere relative every month 8000 rupees mujhe dete hai emi bharne ke liye. Mera sawal hai ki ye to Mera income me include nahi hoga na????

[@mallikanawal]

see agar kabhi scrutiny huyi to explain karna parega... waise relatives se gift ka provision hai (tax-free) but usmein phir yeh bhi depend karta hai ki relative kaun hai... aur amount kitna hai. Waise strictly speaking from law side - aap kisi aur ke liye apne naam se loan nahin le sakte. Refer "Straw Buyers". Isme of course bahaut saare nuances hai... apka loan agreement bhi dekhna hoga ki Terms & Conditions kya hain. So, KZbin is not the best place to get clarity on this.

[@iampiyush100]

Hello ma'am, thank you very much for your help. I would appreciate it if you could make a video explaining how to claim back the deducted TDS on my FD interest. my interest exceeds 40k so bank deducted the TDC, I do not fall under the income tax slabs. Your guidance on this matter would be greatly appreciated.❤

[@mallikanawal]

Income Tax Refund ke liye returns file karna hoga... woh content main KZbin pe nahi dalti... usme log bahaut saare galti kar sakte hain aur phir wahan legal issues ho sakta hai... isliye uske liye i will always recommend ki aap KZbin mat refer kariye

[@gyani1863]

Mere pass 2 FD hai ek pichle 4 months pahle karwaya tha aur ek 2 din pahle to kya dono ka fd intrest jod kar ek baar form fill krna hoga 15G ya 2 FD hai to 2 baar karna pdega ya saal me ek baar bhara jata hai ? Please reply.

[@mallikanawal]

agar FD same bank aur branch ka hai... to ek se kaam ho sakta hai. Waise, just to let you know ki alag-alag banks ke alag-alag neeyam hai so best rahega ki aap ek baar bank se check kar lein...

[@amitkumar-r2v7s]

great

[@mallikanawal]

Thank you

[@-Hello-dc1vw]

Is 16th column amount written is what we get monthly on fds

[@mallikanawal]

Annual

[@kurumabeast9033]

Ma'am is this form given in bank? Should we indivisualy fill it or through CA?

[@mallikanawal]

Yes, this form is submitted in bank too. And you can fill it yourself (just go through the video). Else if there is a CA whose services are available for free, you can use them too.

[@kurumabeast9033]

@@mallikanawal thank you ma'am ❤🙏

[@sarangelic]

hello, if I've had 15g filled in the previous year (i did not fill it myself, the bank manager did it) but at the same bank, do I still mark yes for the 18th question?

[@Finance-up3pe]

Yes ,u have to mark yes

[@mallikanawal]

Your banker files your taxes?!? Really?!? I think this is the first time I've heard this. Are you sure? Did he goto the Income Tax portal and file it on your behalf (taking all your income and exemption details) or did he just issue you a TDS certificate?

[@bikramjitsapam3673]

Mam, the estimate total income will include the fixed deposit amount that i kept in the bank will include or not

[@bikramjitsapam3673]

For eg. If i am keeping FD for Rs.10 lakh the the estimate total income will include the investing amt Rs 10 lakhs along with the interest.

[@mallikanawal]

if you have received the 10 lakhs in this financial year, include it in the total income... else just include the interest you're going to earn for that 10 lakh (in this financial year)

[@aakashqp]

Thankyou DIDI ❤

[@mallikanawal]

My pleasure 😊

[@SP_abc]

Mam can you please advice.. When was working in IT company, then I applied ITR in 2021. But No tax deducted for me as my income came under tax slab for same year. So what should be selected in Column 15 ? Yes or No ??

[@mallikanawal]

Yes. Since you filed your income tax return (deductions or not does not matter).

[@SP_abc]

@@mallikanawal okay thank you !

[@mallikanawal]

@@SP_abc you're welcome

[@sureshshona3475]

Very sweet voice very beautiful explain 😂

[@mallikanawal]

Thank you very much for both compliments. :))))

[@Thinker2578]

Sir HELP me plz I fill 15g in bank today, they give me acknowlgement slip jisme UIN number mention hai , but bina otp ke uin number kese nikalgya ?

[@mallikanawal]

I'm sorry... I don't know the answer to this one.

[@krishnpal5845]

Thank you

[@mallikanawal]

Glad you found this useful

[@manojrajak7317]

Pensioners k rule me badlaw hote rahte h .pension ruk jata h to kis rules se pension chalu kr sakte h? Rule change hota h to information dete rahiyega.

[@mallikanawal]

This was for FY 2023-24... Pensioner-rules don't change on a day-to-day basis.

[@sanjaykumargupta1689]

Kripya 15H bharne ka video bhi hindi mein bana kar deejiye, for senior citizens, thank you.

[@mallikanawal]

Zaroor sir... bas mujhe kal tak ka samay dein. Upload karke aapko message kar doongi.

[@mady009]

Pls 15h video daliye

[@aniruddhadeshpande9935]

Can individual below 60 years age fill form 15g for financial year 23-24, if his total income is less than Rs. 300000? For eg individual has fd interest income of Rs. 261000 and other income of Rs. 3000. As his total taxable income is less than basic exemption limit of Rs. 3,00,000 in the new tax regime, he should be allowed to fill form 15g. Is any bank allowing to fill form 15g if individual has income below Rs. 3,00,000 and he wants to opt for new tax regime for f.y. 23-24?

[@mallikanawal]

I can't say about all the banks. But a few are not allowing the 3lakh thing as of now... but you can check with your bank but I still have my doubts if they'll allow that at the moment. Considering what happens if you select the "old regime" next year when you're filing taxes (on the eportal). Just saying... If it's not too much trouble, in case you check ... could you please update me too. I'd like to know what the banks are doing as far as the new tax regime is concerned.

[@aniruddhadeshpande9935]

@@mallikanawal Thanks mam for replying. When I enquired in one of the local cooperative bank here about this they said me that our branch has still not received circular about this new tax regime from the head office and currently we are allowing filing of form 15g only up to basic exemption limit of 2.5 lakhs.

[@mallikanawal]

@@aniruddhadeshpande9935 That's the same reply I received from SBI Branch Manager (a client) as well. I haven't checked with ICICI bank as yet.

[@aniruddhadeshpande9935]

@@mallikanawal Ok

[@rajdevendra5814]

I fill income tax every year as Nil tax payer. So, still i mark yeas in 15(a) ?? bcuz my tax is NIL.

[@mallikanawal]

Yes. Since you're filing income tax returns every year.

[@riz00786]

Upload latest video on filling of form 15g and 15h - as people get confused every year on filling form 15 G and Form 15 H 😢😢😢😢

[@mallikanawal]

I know...I was planning to do it sooner but somehow the courts get really busy before upcoming summer vacation break... hence couldn't get around to doing it. Planning to record the video today and upload it tomorrow.

[@riz00786]

Happy Gudi padwa and happy ugadhi to your Team and to the all viewers of this channel

[@iampiyush100]

Please mam upload for FY 2024-25

[@SaiLuck365]

@@mallikanawalwaiting Mam

[@mallikanawal]

@@SaiLuck365 Form 15G is uploaded... will upload Form 15H this week

[@amksurya]

What if the FD amount is getting matured in the next FY say for ex: (2024-25) then what amount we should enter in (17) ?

[@mallikanawal]

The total income that you'll be earning from 1st April 2023 to 31st March 2024 (and since the FD is maturing next year, you will only add the interest as part of the total income). Hope it clarifies.

[@amksurya]

@@mallikanawal so should I consider only the interest earned within March 31st 24 of all FDs instead of maturity interest?

[@mallikanawal]

@@amksurya Yes that's correct

[@darkfuture2544]

Please explain what aggregate income under POINT NO 18 actually means..if I have filled 3 form 15g last year, what should I write in that column ? Please clarify...thanks in advance for whoever answers my query

[@mallikanawal]

So you filled 3 Form 15Gs last year, in 2023, right? Then that means you have not filed any Form 15G this financial year which started on 1st April 2024. So you will mention nothing.

[@darkfuture2544]

​@@mallikanawalThank you for replying.. But column 18 is for filling details of form 15g filed during the previous financial year right ? (as its mentioned on the application form in the video)..So in that case would be the aggregate income?

[@mallikanawal]

@@darkfuture2544 In Finance, Previous year = Financial Year It is not the english word 'Previous' ... it is the financial word 'Previous'. Hope this clarifies.

[@mallikanawal]

Btw, its called Previous because it comes "before" Assessment Year (AY) --- a little tidbit

[@darkfuture2544]

@@mallikanawal Yes I understood, but I have filed 3 form 15g during the previous financial year, i.e., 2023-24..so what would be my aggregate income?

[@manojrajak7317]

Previous year (P. Y) or assessment year ko samjhaiye.

[@mallikanawal]

Sure... video upload kar doongi kal... will inform you too

[@sarveshyadav2174]

In option number 17 i have mentioned 4 lakhs and bank has rejected my form saying i am not eligible to submit 15g form…. Can you please explain why bank has rejected my request???

[@mallikanawal]

If your total income is 4 lakhs, that means you come in the "taxable" bracket... Form 15G is for those people who are below the taxable bracket.

[@tarun-ib4ms]

Ye form bank sa milega ye print nikalwana pedaga

[@mallikanawal]

my apologies for the late reply... Banks ke paas bhi hota hai.. waise aap print bhi le sakte hain.

[@swapansarkar5974]

mem from 15H kese भरते हे बताइएगा

[@mallikanawal]

kzbin.info/www/bejne/eGSZXq1tbpVkjZY - Form 15H for Senior Citizens

[@jettrage]

16. mei per year intrest likna hai yai whole intrest earnd from fd lik na hai?

[@mallikanawal]

financial year

[@nandrivithmal7380]

Crystal clear explanation

[@mallikanawal]

Thank you so much for the kind words.

[@nandrivithmal7380]

Thank you mam

[@jitendragautam447]

Koi salary 4 lac he than 17 point accept nhi kr rha 4 lac+ point 16 amount)

[@mallikanawal]

Mujhe aapka sawaal samajh nahi aaya. Col. 17 aapka total income hai jo aap iss financial year (1st April 2023 to 31st March 2024) tak kamayenge. Aur issme PF amount bhi add karna hai kyunki woh paisa aapko isi financial year mein mil raha hai to aapka income hi hua na.

[@satheeshkumar-fo9nw]

Please , sbi yono through 15g do

[@mallikanawal]

Sure... will do.

[@mady009]

15h video daliye

[@mallikanawal]

kzbin.info/www/bejne/sHLFanZ5fb59fqc