How to Avoid TDS on Your Income | Step-by-Step Guide to Fill FORM 15G & 15H (2025-26) 🇮🇳|CA Subin VR

💰 Struggling with TDS deductions on your bank interest or dividends? Don’t let Tax Deducted at Source eat into your hard-earned income! In this detailed video, we break down how to avoid TDS legally using FORM 15G and FORM 15H under the Indian Income-tax Act. Whether you’re a young professional, a retiree, or managing a family HUF, this guide will help you save money by ensuring no TDS is deducted when your income is below the taxable limit. 📝


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🚨 Updated for FY 2025-26 – Perfect for residents of India looking to simplify their tax planning! We’ll walk you through who can use FORM 15G & 15H, step-by-step instructions to fill them correctly, and common mistakes to avoid. Plus, we answer whether NRIs can use these forms (spoiler: they can’t!). Stay tuned for practical examples and pro tips to make tax season stress-free! 😊

🎯 What You’ll Learn in This Video
What is TDS?
Understand why banks deduct TDS on incomes like fixed deposit interest, savings account interest, or dividends (e.g., 10% under Section 194A for interest above ₹40,000).
Learn when TDS hurts your cash flow and how to stop it legally.
FORM 15G & FORM 15H Explained
FORM 15G: For individuals below 60 years or Hindu Undivided Families (HUFs) with income below ₹2,50,000 (old regime, FY 2025-26, assumed).
FORM 15H: For senior citizens (60+ years) with income below ₹3,00,000 (or ₹5,00,000 for 80+ years).
Discover eligibility rules and why your total income must have nil tax liability.
Who Can Use These Forms?
Residents of India only (NRIs, sorry, these aren’t for you – check DTAA or Section 197 instead!).
Real-life scenarios: From young freelancers to retirees, see who qualifies.
Step-by-Step Guide to Fill FORM 15G & 15H
Follow along with our practical examples (featuring Priya Ashraf for FORM 15G and Ramesh Sharma for FORM 15H).
Learn how to fill every field: Name, PAN, address, income details, and more.
Avoid rejection by banks with our checklist for accuracy.
Pro Tips to Avoid TDS
Submit forms at the right time (start of FY or when opening a new FD).
Use online banking to upload FORM 15G/15H hassle-free.
Understand tax slabs and rebates (e.g., Section 87A) to confirm eligibility.
Common Mistakes to Avoid
Don’t submit if your income exceeds the exempt limit!
Ensure your PAN is correct to avoid penalties under Section 277.
File separate forms for each bank or payer.

❓ FAQs Answered in the Video
Can NRIs use FORM 15G or 15H? No, but we explain alternatives like Form 10F or Section 197 certificates.
What if my income is just above the limit? Learn about Section 87A rebates.
How many forms do I need? One per bank/payer – we clarify!
Can I submit online? Yes, we show how via net banking.
🔗 Useful Resources
Download FORM 15G: Income Tax India - FORM 15G
Download FORM 15H: Income Tax India - FORM 15H
Verify TDS: Check your Form 26AS on www.incometax.gov.in
Tax Slabs (FY 2025-26): Stay tuned for updates in the Budget
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💬 Comment Below: Have questions about TDS, FORM 15G, or 15H? Ask away, and we’ll reply!

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