Who Should File form 15H to Avoid Tax Deduction by Bank?

We have already covered that at the start of every financial year one must update the form 15H and 15G with the bank or post-office where one is having the fixed deposit.

However adjacent screenshot will show that who all are eligible to fill form no 15 H and knowing is good for financial health as it will enable you to save tax which otherwise might be debited by bank if you have interest from fixed deposit more than 10,000 in a financial year and remember that interest in saving account upto 10,000 is exempt from any income tax.

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