Very informative, to the point and precise video, especially the explanation of the point "Are you assessed to tax." Thank you so much. God bless you and your family :)
Thank you so much, crystal clear ..you made my day with this simple but with clarity. May God bless you for helping senior citizens. I was thinking of seeing a tax consultant ! Let such videos keep coming.
Thank you so much for such wonderful words sir. You made my day too...am smiling as I type this. I'm really glad the video helped (although please do change the Previous Year to 2023-24 and the declaration part will also change) since we have entered a new financial year, while this video pertains to the old financial year. In case, I'm only confusing things further, let me upload Form 15H for the current financial year (i've been meaning to do it but too many cases/hearings these past few days). I will leave a comment here as soon as I upload it. All the best sir and have a great day ahead.
Thank you madam.your explanation is exceedingly excellent.But one doubt creeps in my mind i.e. when a house wife (senior citizen)is solely depending on interest from different banks and the total interest exceeds (appxly) Rs.800000/- the tax payable will be around Rs36400/- under new regime but tax deducted will be around Rs80000/- To meet the emergency needs she is deprived of amount of Rs44000/- (appxly). Is there any way to stop the excess amount than actually to be paid amount? Please explain. Very kind of you. God bless you.
You can just claim that amount through income tax refund... the best part is the speed at which refund is issued these days. You'll get that amount in a week to 10 days.
Hello Madam, thanks for the informative video. Just a query! My father retired on 31st June 2021. He is yet to file the ITR for the last FY (AY 22-23). So, do I need to fill up the ITR for the last FY before indicating the same in the form 15H that the latest AY to be 2022-23 for which the last ITR was filed (Point 14b)?
Am so sorry for not replying to this query earlier. Somehow seemed to have missed it...if its not too late. You just need to fill the assessment year for the financial year for which income tax returns was actually filed. So, for example.... 1) If ITR filed for FY 2020-21 -- Assessment year will be AY 2021-22 2) If ITR filed for FY 2021-22 -- Assessment year will be AY 2022-23
Hello mam.. mere father ka retirement 2023 me hua unke final settlement epf amount ke liy 15no. Column me konsa amount fill karu? Jisme tax deduct na ho.. 30 year service ka total (employee + employer) share to 3L exceed kar rha he... Please reply mam... 15no. Column me exact kya fill karu? Reply fast mam 🙏
Thank you for the feedback. Will definitely include some examples in the next video I make. In the mean time, I'll heed your advice and make some example videos. Thank you so much for taking the time out and also for the compliment. :)) Have a great day ahead.
This video is the same as all other videos. Try explaining the fact for Point 14 (a) - A person who has filed the return or a person who actually paid the tax are two different things. Normally people do file returns for claiming a refund as well and actually don't pay the TAX as they don't fall in the slab but they have to file the return for TDS claim. So the option is Yes or No for them?
That's the scope of this video. To extend the scope beyond that for people who lack basic financial literacy in this country...would open a Pandora's box that would otherwise eat into my extremely precious and limited time, which I do not wish to do. This is pro-bono and I can only spare the time I currently do.
Madam if tax liability of senior citizen is nil and has filed IT returns, then what should be filled in column where it is asked whether assessed for tax? That aspect is somewhat confusing.
Madam I have a Doubt I got a Notice in that Short Deductions that I should Pay 1Lakh Change that is because of Fixed Deposits and 20% interest due to PAN Card and Aadhar Card didn't Linked. And I am below 35 years age but in SBI I see in the TDS certificate that I have to fill Form 15H as this is for Senior Citizens could you Please help me whether I have to fill 15G or 15H?
Hello madam, i am having FD of 3 lakh in a bank for period of 3 years. Total interest i earn will be of about 56k after maturity. How will i fill column 15 and 16? I have FD in other banks too, will i have to submit 15H in other banks too?
Hello madam, i dont know whether youre the right person to ask the question, but should a person be filling 15h to save taxes deducted from earned fd interests which has exceeeded the limit of 40k inr earned from interest per year? How much is the maximum limit of annual income (from both salary+ fd interest) upto which no taxes will be deducted after submitting this form? Isnt it 2.5 lac/yr or not?
So, since you're talking about Form 15H, I'm assuming we are referring to senior citizens. The reason that's important is coz for FY 2022-23, the basic exemption limit for senior citizens is 3 lakhs, while its 2.5 lakhs for non-seniors. As far as Form 15H goes, it can be filed if your total income in the financial year is below the exemption limit. So, to answer your question -- you certainly can file Form 15H.
@@mallikanawal thank you for the swift response 🙂 and also, suppose i open a deposit account today and it will mature on 5th may 2024 i.e the next fiscal year, then the taxes on the interest earned will be counted in this year or on the succeeding year?
My father age 65...he is state govt pensioner....is he submit 15h if total income of interest and pension is combined is 5lakh below??? Also tell if his income is 6.5lak..after 80c deduction it will be below 5lakh..is he submit 15h??? He filed regularly itr every year... But some people told 3lak above income people submit 15h ...may be some problem face.... but he file itr and show income perfectly... Plz suggest me
No. He cannot submit Form 15H since he comes under taxable bracket. For senior citizen, 60 < age < 80, tax upto 3lakh is NIL. For super senior citizen, age > 80, tax upto 5lakh is NIL.
@@mallikanawal madam, If father send money in different transactions to his son like (per Fy 50k, 45k ,and 20k totally 1.05lak in one fy) same pattern repeat in every FY. Is it necessary to make gift deed and register it? If yes, How many time we can make gift deed for that small amounts? Iam below tax bracket...I have only interest income but all amount was transferred from my dad account to my sb account. I have more fds now...I just submit from 15g only ... Iam not file any itr still now. I have 30lak around ...all fd and transactions from 2013 onwards. Plz suggest me .... Is any problem...shall I need to file itr? If I leave that fds then after 10yrs all become 60lakh. Then how can I tell sources about that huge amount..but interest is below 2.5lak now. Plz reply for this and which itr shall I file is good for this? Shall I declare total amount what I hold 30lak at the time of first itr? Is necessary? Or shall I file nill itr is good one? Plz reply these ques... My Fnd suggest me...submit nill itr as bank fds interest and add some some amount as tuition fee up to 2.50lak totally? Shall I deposit up to 70k with hard cash in bank as tution income....is it department accept that one. I know I ask so many ques but plz answer me...u only hope to know these details to me.
@@bhanu4569 Any individual receiving cash gifts exceeding Rs 50,000 in a single financial year will have to add this income to the gross total income and pay tax accordingly.
I have a doubt . I made an FD of 20 lakh and interest is 1.3 lakh per year . So in column 16 do I need to add base value of 20 lakhs along with inyerest?
What would be my estimated income in Column 15? Suppose I have an FD of 50,000 for 5 yrs and I will get 25000 as interest on maturing only. Should I enter my estimated income of 25000/- or not?? Note: I think one should enter the annual earned interest only but not total interest earned on maturity.
You are supposed to calculate the earnings for the current financial year. There is a detailed video on how to compute your earnings in a given financial year. It might help.
Is it compulsory as I’ve placed an fd of 5L for 15 months and the interest is below 50k and she❤doesn’t have any income as she’s a housekeeper. So will they still deduct tds if I don’t submit the form
Yes. The form's to be submitted so that the bank doesn't deduct TDS, which they will in this case coz the interest income is more than 40K and then you'll have to go through the cumbersome process of filing her returns and claiming back the deducted TDS as income tax refund (since she doesn't come in the taxable bracket). It's just simpler to submit Form 15G to the bank.
@@mr.z8188 then i'd recommend the other video... this video is for Form 15G for FDs... which means even the section is different. If you fill the form using this video as reference, the form will be rejected for putting the wrong section of the law... the correct video is... ua-cam.com/video/4lifTTq9wcE/v-deo.html
thanks for the video. I have total working exp. of 6 years now and my pf amount is more than 50k. i want to apply for form 31 pf advance and pension withdrawal, do i need to fill and submit15g for tds saving?
What is the definition of Aggregate amount of income? Suppose i filed my first 15H form in Apr22, in which estimated income was 55,000 & total estimated income was 1.5lac. Then i file current 15H form in oct22 What should be "Aggregate amount of income for which form no. 15H filed"
That is the sum total of all the amounts for which Form 15H has been filed. If you have not filed any other Form 15Hs in the past, this column will be "NA" - Not Applicable
Nahi.. waise please be advised ki yeh form pichle financial year ke liye tha. 1st April se kuch fields ke values change honge.... Aaj mein court mein thori busy hoon. will upload the updated video tomorrow or Sunday
@@rahulrajpoot7864 Kuch nahi hoga. Woh ITR file karte samay check hota hai... aur woh bhi tab agar aapka return "scrutiny" ke liye chala jaye. So Form 15H mein 100% accurate amount ki zaroorat nahi hai... in fact, correct figure aap chahke bhi nahi de payenge kyunki financial year ke shuru mein Form 15H submit hota hai... jabki income tax return financial year ke khatam hone ke baad file kiya jaata hai. To correct figure sirf financial year ke end pe hi pata chal sakta hai. Hope it helps. Have a great weekend!
@@mallikanawal Ma'am aapka video youtube pe sabse best video h. Maine form 15 Gwala video dekha hai by mistake question form 15 H video me pooch liya. Ma'am me aapse 15g k baare pe pooch rha tha. Jo mai likhna bhul gya. Ma'am form 15 g k liye bhi same consider kar sakta hu. Thank you so much for replying. 😊
Hello madam, my grandfather and grandmother are senior citizen 15 lakhs in sbi and canara bank 12 lakhs for each and 10 lakhs in post office. Total 49 lakhs. Now I must do fd , please explain me
Besides... taxes and all are not so simple so as to be answered on UA-cam. I suggest you get in touch with a CA to work out the best course of action. Old tax regime vs. new tax regime etc.
Good Morning Madam. For what reason in the scss interest, today i received interest which was deducted so far. How can I get a refund? I need to ask in the post office . Thank you in advance.
You can file the income tax return and claim for the refund as it is the only way to get the TDS deducted by the post office. There is no other way around it to get it back. It might have happened because you must have not submitted form 15H to make sure the post office does not deduct TDS from the interest amount. Remember to submit it before the start of the financial year. For SCSS, TDS is deducted in one go in the Oct-Dec amount.
@@nitinsaini3758 The sad part is that people are expected to know and they should know...but they don't. In India, Education unfortunately is solely relegated to getting marks in exams and securing well-paying jobs.
Well... how many FDs are we talking about here? If its 2 or 3, then try n fit them in using commas. If the number is more than that... then in that case, just write your account number with the bank. Given the centralised systems, the banks can now anyway see all the FDs that a particular customer has created.
I think it's separate for the separate FDs. But I'd advise you to seek clarification from the bank. As an advocate, this is not something that I have had to do or have done.
Hi, the bank employee says we can include both FD in one form but then she says system may or may not accept it,so there was no definite answer. Tried SBI customer care and they don’t have a clue! 🤔
Hello Mam, I had a query with question 14 (a). I do file the income tax return for my parents every year, even though their income is below the taxable income slab, so do I still need to select Yes and mentioned the last income tax return file year?
Hello mam.. mere father ka retirement 2023 me hua unke final settlement epf amount ke liy 15no. Column me konsa amount fill karu? Jisme tax deduct na ho.. 30 year service ka total (employee + employer) share to 3L exceed kar rha he... Please reply mam... 15no. Column me exact kya fill karu? Reply fast mam 🙏
Very informative, to the point and precise video, especially the explanation of the point "Are you assessed to tax." Thank you so much. God bless you and your family :)
Thank you so much, crystal clear ..you made my day with this simple but with clarity. May God bless you for helping senior citizens. I was thinking of seeing a tax consultant !
Let such videos keep coming.
Thank you so much for such wonderful words sir. You made my day too...am smiling as I type this.
I'm really glad the video helped (although please do change the Previous Year to 2023-24 and the declaration part will also change) since we have entered a new financial year, while this video pertains to the old financial year.
In case, I'm only confusing things further, let me upload Form 15H for the current financial year (i've been meaning to do it but too many cases/hearings these past few days). I will leave a comment here as soon as I upload it. All the best sir and have a great day ahead.
For the current financial year, here's the video sir -
ua-cam.com/video/zAb9CCHYJHE/v-deo.html
it was great. Thank You
Thank you so much. All the best
Thank you so much.
I go through this video before filling form 15H for clarity, since i get confused between PY, FY and assessment year.
I'm glad the video could help sir. And thank you for your wonderful words of appreciation. Have a great day!
Thank you madam.your explanation is exceedingly excellent.But one doubt creeps in my mind i.e. when a house wife (senior citizen)is solely depending on interest from different banks and the total interest exceeds (appxly) Rs.800000/- the tax payable will be around Rs36400/- under new regime but tax deducted will be around Rs80000/- To meet the emergency needs she is deprived of amount of Rs44000/- (appxly). Is there any way to stop the excess amount than actually to be paid amount? Please explain. Very kind of you. God bless you.
You can just claim that amount through income tax refund... the best part is the speed at which refund is issued these days. You'll get that amount in a week to 10 days.
Was very very helpful! Thank you!
You're most welcome sir
Hello Madam, thanks for the informative video. Just a query! My father retired on 31st June 2021. He is yet to file the ITR for the last FY (AY 22-23). So, do I need to fill up the ITR for the last FY before indicating the same in the form 15H that the latest AY to be 2022-23 for which the last ITR was filed (Point 14b)?
Am so sorry for not replying to this query earlier. Somehow seemed to have missed it...if its not too late. You just need to fill the assessment year for the financial year for which income tax returns was actually filed. So, for example....
1) If ITR filed for FY 2020-21 -- Assessment year will be AY 2021-22
2) If ITR filed for FY 2021-22 -- Assessment year will be AY 2022-23
Hello mam.. mere father ka retirement 2023 me hua unke final settlement epf amount ke liy 15no. Column me konsa amount fill karu? Jisme tax deduct na ho..
30 year service ka total (employee + employer) share to 3L exceed kar rha he...
Please reply mam...
15no. Column me exact kya fill karu? Reply fast mam 🙏
jo actual amount hai aapko wohi bharna hai... hum amount manipulate nahi kar sakte
very nicely explained, nice job done
Thank you so much for the kind words. Means a lot.
Voice loud and clear simple however Like column 15 ,16 need more clarity with examples..... thanks
Thank you for the feedback. Will definitely include some examples in the next video I make. In the mean time, I'll heed your advice and make some example videos. Thank you so much for taking the time out and also for the compliment. :)) Have a great day ahead.
This video is the same as all other videos. Try explaining the fact for Point 14 (a) - A person who has filed the return or a person who actually paid the tax are two different things. Normally people do file returns for claiming a refund as well and actually don't pay the TAX as they don't fall in the slab but they have to file the return for TDS claim. So the option is Yes or No for them?
That's the scope of this video. To extend the scope beyond that for people who lack basic financial literacy in this country...would open a Pandora's box that would otherwise eat into my extremely precious and limited time, which I do not wish to do. This is pro-bono and I can only spare the time I currently do.
Quality content. Thank you so much and god bless you
Thank you so much :))
Madam if tax liability of senior citizen is nil and has filed IT returns, then what should be filled in column where it is asked whether assessed for tax?
That aspect is somewhat confusing.
You will tick 'Yes' since ITR was filed. It doesn't matter if no tax was paid (since tax liability was nil) or even if someone received a refund.
@@mallikanawal thank you for the reply madam.
@@upendraprasad5171 You're most welcome. Great to make your acquaintance and connect on YT Community.
Hi, Thxs for ur help. My question to u is if an NRI has to fill this 15G&15 H form.
No... this is only for resident indians.
Madam I have a Doubt I got a Notice in that Short Deductions that I should Pay 1Lakh Change that is because of Fixed Deposits and 20% interest due to PAN Card and Aadhar Card didn't Linked. And I am below 35 years age but in SBI I see in the TDS certificate that I have to fill Form 15H as this is for Senior Citizens could you Please help me whether I have to fill 15G or 15H?
Hello Ma'am, one suggestion while filling up column 18.standard way to fill section is 194A not 194(a).rest all is fine.
either way is fine. I'm a practicing advocate
Informative and good way of presentation.Thanks.
Thank you so much for your kind words. :))
So clear and helpful
Thank you so much :))
Hello madam, i am having FD of 3 lakh in a bank for period of 3 years. Total interest i earn will be of about 56k after maturity. How will i fill column 15 and 16? I have FD in other banks too, will i have to submit 15H in other banks too?
Are you a senior citizen?
Hello madam, i dont know whether youre the right person to ask the question, but should a person be filling 15h to save taxes deducted from earned fd interests which has exceeeded the limit of 40k inr earned from interest per year? How much is the maximum limit of annual income (from both salary+ fd interest) upto which no taxes will be deducted after submitting this form? Isnt it 2.5 lac/yr or not?
So, since you're talking about Form 15H, I'm assuming we are referring to senior citizens. The reason that's important is coz for FY 2022-23, the basic exemption limit for senior citizens is 3 lakhs, while its 2.5 lakhs for non-seniors.
As far as Form 15H goes, it can be filed if your total income in the financial year is below the exemption limit. So, to answer your question -- you certainly can file Form 15H.
@@mallikanawal thank you for the swift response 🙂 and also, suppose i open a deposit account today and it will mature on 5th may 2024 i.e the next fiscal year, then the taxes on the interest earned will be counted in this year or on the succeeding year?
@@critik4l169 succeeding year. Since taxes are computed based on whatever is the total income in the previous year (aka Financial year).
@@mallikanawal hmm ok, that cleared it. Thank you
My father age 65...he is state govt pensioner....is he submit 15h if total income of interest and pension is combined is 5lakh below???
Also tell if his income is 6.5lak..after 80c deduction it will be below 5lakh..is he submit 15h???
He filed regularly itr every year...
But some people told 3lak above income people submit 15h ...may be some problem face.... but he file itr and show income perfectly...
Plz suggest me
No. He cannot submit Form 15H since he comes under taxable bracket.
For senior citizen, 60 < age < 80, tax upto 3lakh is NIL.
For super senior citizen, age > 80, tax upto 5lakh is NIL.
@@mallikanawal madam,
If father send money in different transactions to his son like (per Fy 50k, 45k ,and 20k totally 1.05lak in one fy) same pattern repeat in every FY.
Is it necessary to make gift deed and register it?
If yes,
How many time we can make gift deed for that small amounts?
Iam below tax bracket...I have only interest income but all amount was transferred from my dad account to my sb account.
I have more fds now...I just submit from 15g only ... Iam not file any itr still now.
I have 30lak around ...all fd and transactions from 2013 onwards.
Plz suggest me .... Is any problem...shall I need to file itr?
If I leave that fds then after 10yrs all become 60lakh.
Then how can I tell sources about that huge amount..but interest is below 2.5lak now.
Plz reply for this and which itr shall I file is good for this?
Shall I declare total amount what I hold 30lak at the time of first itr? Is necessary?
Or shall I file nill itr is good one?
Plz reply these ques...
My Fnd suggest me...submit nill itr as bank fds interest and add some some amount as tuition fee up to 2.50lak totally?
Shall I deposit up to 70k with hard cash in bank as tution income....is it department accept that one.
I know I ask so many ques but plz answer me...u only hope to know these details to me.
@@bhanu4569 Any individual receiving cash gifts exceeding Rs 50,000 in a single financial year will have to add this income to the gross total income and pay tax accordingly.
@@mallikanawal but iam receiving it from my father...blood relation has no tax
@@bhanu4569 oh... yes... blood relation is tax exempt. Just get it registered though.
I have a doubt . I made an FD of 20 lakh and interest is 1.3 lakh per year . So in column 16 do I need to add base value of 20 lakhs along with inyerest?
No. Just the interest per year.
Madam please confirm
58 years completed
Pf account having 12 years
For full claim pf 15g or 15h ?
Form 15G sir
@@mallikanawal thank you madam
What would be my estimated income in Column 15? Suppose I have an FD of 50,000 for 5 yrs and I will get 25000 as interest on maturing only. Should I enter my estimated income of 25000/- or not??
Note: I think one should enter the annual earned interest only but not total interest earned on maturity.
You are supposed to calculate the earnings for the current financial year. There is a detailed video on how to compute your earnings in a given financial year. It might help.
Is it compulsory as I’ve placed an fd of 5L for 15 months and the interest is below 50k and she❤doesn’t have any income as she’s a housekeeper. So will they still deduct tds if I don’t submit the form
Yes. The form's to be submitted so that the bank doesn't deduct TDS, which they will in this case coz the interest income is more than 40K and then you'll have to go through the cumbersome process of filing her returns and claiming back the deducted TDS as income tax refund (since she doesn't come in the taxable bracket). It's just simpler to submit Form 15G to the bank.
@@mallikanawal but tds is only deducted if the yearly interest is above 50k as per the rules..
@@kunalsinghjerath Yes if the person is a senior citizen
@@mallikanawal so the form filing is not necessary if the interest amount is below 50k right??
@@kunalsinghjerath I'm assuming then that she's a senior citizen... so you can relax. No need to fill the form
What to fill in No.15,16,17 and 18. if there's no fixed deposit? Pls reply madam
I didn't understand...if there's no fixed deposit... no need to file this form.
@@mallikanawal
But during claiming it asking 10g/10h as mandatory. Couldn't proceed without it.
@@mr.z8188 are you filing Form 15G for PF claim or for saving TDS on Fixed Deposit???
@@mallikanawal
PF claim madam
@@mr.z8188 then i'd recommend the other video... this video is for Form 15G for FDs... which means even the section is different. If you fill the form using this video as reference, the form will be rejected for putting the wrong section of the law... the correct video is...
ua-cam.com/video/4lifTTq9wcE/v-deo.html
Hello ma'am, should I upload form 15H for my father's PF Withdrawal? It exceeds 50,000
ua-cam.com/video/B36-z7901W4/v-deo.html
Madam agar asset year 23/24 ka income 482000 hajar bari hai toh ..mera 85000pf toh 15 g form kaise likhu
Jaise video mein diya hua hai... waise hi bhara jayega. PF amount aur total income mention karein accurately and submit kar dijiye
thanks for the video. I have total working exp. of 6 years now and my pf amount is more than 50k. i want to apply for form 31 pf advance and pension withdrawal, do i need to fill and submit15g for tds saving?
what about PF withdrawal? You cannot withdraw pension without withdrawing PF first.
What is the definition of Aggregate amount of income? Suppose i filed my first 15H form in Apr22, in which estimated income was 55,000 & total estimated income was 1.5lac.
Then i file current 15H form in oct22
What should be "Aggregate amount of income for which form no. 15H filed"
That is the sum total of all the amounts for which Form 15H has been filed. If you have not filed any other Form 15Hs in the past, this column will be "NA" - Not Applicable
So, we will add the amounts mentioned in Col. 15 of the past Form 15Hs that has been filed
@@mallikanawalmam amount of column 15 or 16?
Hi madam sequence (14 )a i am sr citizen income tax filing started 2020 onwards only what should I tick ☑️ yes or No
Did you file income tax for the last financial year?
@@mallikanawal yes filed
Hi, Mam how do I fill the KYC form. Please explain. Thxs.
Can you share a sample of the KYC form. My email id is mallika.iitkgp@gmail.com
Form 15 h me part2 bhi fill karna ?
Nahi.. waise please be advised ki yeh form pichle financial year ke liye tha. 1st April se kuch fields ke values change honge.... Aaj mein court mein thori busy hoon. will upload the updated video tomorrow or Sunday
Ok please upload as soon as possible
Hi. MAM, Do I have to fill part 2 of the form H. Let me know please. Thxs.
No... that's for office use only
Thanks a lot.
@@bharatishirodkar3405 You're most welcome. Have a great day ahead!
For office use
Heading should be given@@mallikanawal
Mam , form 15H contains 2 parts. Part I and part II. Should I fill both the parts.
No. Just Part I.
@@mallikanawal thankyou mam
Ma'am suppose jo estimated income declare ki hai vo Kam ya jyada ho jati h to is case me kya hoga. Please reply.
@@rahulrajpoot7864 Kuch nahi hoga. Woh ITR file karte samay check hota hai... aur woh bhi tab agar aapka return "scrutiny" ke liye chala jaye. So Form 15H mein 100% accurate amount ki zaroorat nahi hai...
in fact, correct figure aap chahke bhi nahi de payenge kyunki financial year ke shuru mein Form 15H submit hota hai... jabki income tax return financial year ke khatam hone ke baad file kiya jaata hai. To correct figure sirf financial year ke end pe hi pata chal sakta hai.
Hope it helps. Have a great weekend!
@@mallikanawal Ma'am aapka video youtube pe sabse best video h. Maine form 15 Gwala video dekha hai by mistake question form 15 H video me pooch liya. Ma'am me aapse 15g k baare pe pooch rha tha. Jo mai likhna bhul gya. Ma'am form 15 g k liye bhi same consider kar sakta hu. Thank you so much for replying. 😊
Hello madam, my grandfather and grandmother are senior citizen 15 lakhs in sbi and canara bank 12 lakhs for each and 10 lakhs in post office. Total 49 lakhs. Now I must do fd , please explain me
FDs can be opened either through online banking or offline banking.
@@mallikanawal After fd, we must pay income tax?? or how can we save the income tax amount
@@sunilbc606 Depends on their age.
Besides... taxes and all are not so simple so as to be answered on UA-cam. I suggest you get in touch with a CA to work out the best course of action. Old tax regime vs. new tax regime etc.
Good Morning Madam. For what reason in the scss interest, today i received interest which was deducted so far. How can I get a refund? I need to ask in the post office . Thank you in advance.
I didn't understand the questions. Please rephrase.
You can file the income tax return and claim for the refund as it is the only way to get the TDS deducted by the post office. There is no other way around it to get it back. It might have happened because you must have not submitted form 15H to make sure the post office does not deduct TDS from the interest amount. Remember to submit it before the start of the financial year. For SCSS, TDS is deducted in one go in the Oct-Dec amount.
@@nitinsaini3758 The sad part is that people are expected to know and they should know...but they don't. In India, Education unfortunately is solely relegated to getting marks in exams and securing well-paying jobs.
Thanks
You're absolutely welcome. Thank you so much for the wonderful words appreciation.
In point no 18, how to add multiple Fds account no??
Well... how many FDs are we talking about here? If its 2 or 3, then try n fit them in using commas. If the number is more than that... then in that case, just write your account number with the bank. Given the centralised systems, the banks can now anyway see all the FDs that a particular customer has created.
If I have two FD in the same bank, how many 15h forms I have to fill?
I think it's separate for the separate FDs. But I'd advise you to seek clarification from the bank. As an advocate, this is not something that I have had to do or have done.
@@mallikanawal thank you
@@taytea8004 Sorry...I couldn't be of more help. Do please let me know too... I'll update my knowledge base as well.
Hi, the bank employee says we can include both FD in one form but then she says system may or may not accept it,so there was no definite answer. Tried SBI customer care and they don’t have a clue! 🤔
18. Section under which tax is deductable is 194 A or 197 A. pls clarify
As mentioned in the video
Super
Thank you
Is income mentioned in 16& amt of income in 19 same
??? There's no column 19 in the form
@@mallikanawal sorry mam 17
Tq mam
:) You're absolutely welcome
Fluent English apne pale nahi padagi
Yeh video Hindi mein bhi uplapdh hai
Please reply
Replied. My apologies for the delay in responding. It's just been crazy busy
Hello Mam,
I had a query with question 14 (a). I do file the income tax return for my parents every year, even though their income is below the taxable income slab, so do I still need to select Yes and mentioned the last income tax return file year?
Yes sir. Since the tax return was filed, we will select 'Yes' and mention the last AY when taxes were filed.
Thank you so much Mam. Your instructions are very clear in the entire video👍😊
Hello mam.. mere father ka retirement 2023 me hua unke final settlement epf amount ke liy 15no. Column me konsa amount fill karu? Jisme tax deduct na ho..
30 year service ka total (employee + employer) share to 3L exceed kar rha he...
Please reply mam...
15no. Column me exact kya fill karu? Reply fast mam 🙏
replied