GDC Bank 15G and 15H FORM
Form 15G and Form 15H are forms you can submit to prevent TDS deduction on your income if you meet the conditions mentioned below. For this, PAN is compulsory. Form 15H is for senior citizens, those who are 60 years or older; while Form 15G is for everybody else. Form 15G and Form 15H are valid for one financial year.
Form 15G is to be submitted by an eligible individual whose age is below sixty years during the financial year. Similarly, Form 15H is submitted by an eligible senior citizen whose age is sixty years or more during the financial year.
Ideally, one should submit Form 15G or 15H, as the case may be, in the month of April. For deposits that are more than one year, such forms need to be submitted in each financial year preferably in the month of April. A fresh Form 15G/15H is required to be submitted for each Financial Year.