Money Excel - Personal Finance Blog

Menu
MENUMENU
MENUMENU
  • Home
  • Business Ideas
    • 225 Small Business Ideas
    • 40 Online Business Ideas
    • 20 Business Ideas for Beginners
    • 20 small manufacturing business
    • 30 Food Business Ideas
    • 100 Business Ideas low investment
  • Stock Market
    • Best Demat & Trading Accounts 2020
    • Best Stocks 2020 by Experts
    • Best Virtual Trading Apps
    • Best Stock Screener
    • Best Discount Brokers in India
    • Multibagger Stocks of LockDown
    • Rakesh Jhunjhunwala Portfolio
  • Mutual Funds
    • Best Mutual Funds 2020-21
    • Best Direct Mutual Fund Platform
    • Best Mutual Fund Mobile Apps
  • Incometax
    • Income Tax Slab FY 2020-21
    • Income Tax Calculator FY 2020-21
    • Income Tax Refund Request
    • Pay Advance Tax Online
    • Download New 15G -15 H Forms
  • Investment
    • Best Investment Ideas 2020
    • Long Term Investment Options
    • Best Investment Regular Income
    • Best Investment Options NRI
  • Credit Card
    • Best Credit Cards 2020-21
    • Best credit card for online shopping
    • Best Forex Card in India
    • Best Business Credit Cards
    • Credit Cards against Fixed Deposit
  • Insurance
    • Best Term Insurance Plans 2020
    • Best Health Insurance 2020
    • Best LIC Policy 2020
    • Best Car Insurance Companies
    • Best Mobile Insurance Companies
  • Downloads
Home
Personal Finance
How to Submit Form 15G Form 15H Online – ICICI, SBI Bank

How to Submit Form 15G Form 15H Online – ICICI, SBI Bank

Raviraj Parekh May 3, 2020

Form 15G and Form 15H can be submitted online with a click of a button. No physical visit to bank is required for submitting Form 15G or Form 15H. You must be aware that TDS is applicable on fixed deposit interest income.

If your income is less than basic exempted limit you can submit the Form 15G or Form 15H to save TDS on fixed deposit interest. Big banks like ICICI and SBI offers this online facility to submit Form 15G and 15H. You just need internet banking facility and internet connection to submit Form 15H or Form 15G online.

PAN card is mandatory for the submission of these forms. Form 15G and Form.Form 15G and Form 15H are valid for one financial year.You need to submit this form every year before the start of the next financial year. This is to ensure that bank does not deduct TDS on your interest income.

For FY 2020-21, the facility of submitting Form 15G and 15H is extended by the government due to COVID 19 Virus. You can now submit these forms up to 30th June 2020 instead of 31st March 2020.

Do not miss below posts -
  • Red Spider 2 – Sting operation against money laundering by …
  • Union Budget 2014-15 – A Review
  • New eKYC EPFO Portal – Link Aadhaar and Track EKYC

If you have opened fixed deposit at SBI or ICICI, you can use this guide, which will help you to submit Form 15G or 15 H online.

What is Form 15G, Form 15H?

Form 15G and Form 15H are forms helps a person to avoid TDS in case ones tax liability is NIL.

  • Form 15G is for Individual with age less than 60 years and Form 15H is for senior citizens.
  • Depositor having interest income above basic income tax slab will not be able to submit the 15G/15H form.
  • This form needs to be submitted every year. This means in last financial year if you have submitted this form you need to submit it again in a current financial year.
  • This form needs to be submitted to every bank or company from where you have taken a fixed deposit and interest income is above Rs.10000 in a year.
  • Any type of wrong declaration using form leads to penalty including imprisonment.

Also Read – Download Form 15G Form 15 H

Information about when to use which form is given in the following table –

By Whom Age Form Type Basic Exemption Limit (Rs.)
Individual Below 60 years 15G 2,50,000
Senior Citizen 60 years or above at any time during the year 15H 3,00,000
Super Senior Citizen 80 years or above at any time during the year. 15H 5,00,000
Other than Individual Not Applicable 15G 2,50,000

How to submit Form 15G Online at ICICI Bank?

  • Log in to ICICI Bank Internet Banking with your User ID and Password.
  • From Top navigation menu Select “Payments and Transfer” and click on Tax Centre.
  • You will be taken to the page where you can see various options like TDS Certificate, View Form 26AS, Form 15G/H etc. Click on update button given under Form 15G/H
  • Fill or select necessary details like account number, status etc. Now input your estimated total income including the estimated income earned on fixed deposit.

Form 15G Online

  • Also, provide details such as No of forms filled including forms given at other places.
  • Click on Submit button.
  • Recheck the information given on confirmation page and click on submit button.
  • Download Acknowledgment for future reference. Also, note down service request number. It will help you to check the status of your service request.

Also Read – File Form 15G and Form 15H Online and Save TDS

How to submit Form 15G Online at SBI?

  • First Login to SBI net banking portal using your net banking credentials.
  • From top navigation, select “e-Services” option. From left side navigation you will be able to see Submit 15G/H option click on that.

SBI Form 15G Form 15H

  • Select Form 15G or Form 15H based on applicable condition.
  • Select CIF number and click on submit button. System will show branch selection option. Select branch and press submit.
  • Now the form will open asking you information like Name, Assessment Year, Estimated total income, Total number of form filed. Provide appropriate information, select declaration acceptance and click on Submit Button.
  • Form 15G/H will be generated for verification. Click on confirm. You will be prompted to provide High-security password received on registered mobile as SMS.

submit Form 15G Form 15H

  • Provide the password and click on confirm button. That’s it your Form 15G/H is generated and submitted to the bank. Keep Download copy of this form as a reference.

I hope now you are clear about the process of submitting Form 15G or Form 15H online. If you have any query feel free to post it in the comment section.

Subscribe to Blog

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Prev Article
Next Article
Tags:Form 15G ICICI Bank Form 15G online Form 15G SBI Form 15H ICICI Bank Form 15H online Form 15H SBI

About The Author

Raviraj Parekh

Raviraj is the man behind moneyexcel.com. He is PGDBA, engaged in blogging for 10 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

Leave a Reply

Cancel reply

IIFL Demat Account

Search

Top Posts & Pages

  • Income Tax Calculator FY 2020-21 (AY 2021-22) – Excel Download
  • Rakesh Jhunjhunwala Portfolio Holdings - January 2021
  • How to check Property Records and Land Records online in India?
  • LIC Premium Paid Certificate Download For Income Tax Purpose - Online
  • 20 small manufacturing business ideas with low cost
  • 225 Small Business Ideas with Low Investment in 2021-22
  • Cash Deposit Machine Locator – How to find CDM Near You?
  • Top 60 Manufacturing Business Ideas
  • ASM List - What to do in ASM list Stocks?
  • Income Tax Calculator FY 2019-20 (AY 2020-21) - Excel Download

Subscribe to Blog via Email

Join 5,475 other subscribers

Follow MoneyExcel

Money Excel – Personal Finance Blog

Personal Finance Blog
Copyright © 2021 Money Excel - Personal Finance Blog
| About |Downloads | Contact Us | Sitemap | Disclaimer | Privacy Policy |