Form 15G / Form 15H
✓ Last verified 14 Sep 2026
The short version
Form 15G and 15H let eligible taxpayers whose total income is below the taxable threshold declare this to a bank, so TDS isn't deducted on interest income in the first place - avoiding the need to claim it back later as a refund.
Banks are required to deduct TDS on interest income above a set threshold - but if your total income for the year is genuinely below the taxable limit, that TDS would just come back to you as a refund after filing anyway. Submitting Form 15G (for individuals below 60) or Form 15H (specifically for senior citizens, with more relaxed conditions) declares this to the bank upfront, so it doesn't deduct TDS in the first place - saving the hassle of waiting for a refund on money that was never actually owed as tax.
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