How to fill up Form 15G and Form 15H? Step by step guide

How to fill up Form 15G and Form 15H? Step by step guide

Forms 15G or Form 15H should be submitted timely to avoid the tax deducted at source (TDS) on your deposits with bank or post office if your income is below the exemption limit. These forms has to be submitted at the start of every financial year till the maturity of your deposits to ensure no TDS is being deducted by the bank or post office. You might have gone through my earlier article on How to use Form 15G & Form 15H to save TDS, but I feel knowing the usage is not enough until you know how to fill up these forms properly to avoid any rejections.

In this article I am going the explain you step by step how to fill up Form 15G and Form 15H.

How to fill up Form 15G

Download here Form 15G as applicable for A.Y. 2013-14

For your information Form 15G should be submitted by non-senior citizen (less than age 60) individual or a person not being a company or firm claiming certain receipts without deduction of tax.

I. The fields of Part I such as 1, 2, 4, 5, 8, 9, 11, 12, 13, 15 and 16 are for personal details like Name, PAN and Contact Information. Assessment year (AY) has to be put in field 3. If the interest applies to say financial 2012-13 then relevant AY is 2013-14.

II. Field 6 is for Status i.e. your income tax status which would be Individual. In fields 7 and 10 you need to enter details Income Tax assessment office details of the last time you were assessed which you can find out from your PAN number.

III. Field 14 you can enter the year your income was last assessed. Field 17 and 20 required to entered with present Ward/Circle and AO code. Status to be entered as RESIDENT in the field 18.

IV. You can leave field 19 if not relevant. Interest amount from your deposit for the relevant previous yearn needs to entered in filed 22. Filed 23 estimated total income (mentioned in column 22)of the previous year.

V. Field 24 should be filled with the details of your deposits. In Schedule-III details of the sums given by the declarant on interest should be entered. Here you need to fill FD number, deposit amount, start date of the deposit, tenure of the deposit and interest rate etc.

VI. At last place your signature within the given space as Signature of Declarant and leave Part II since it is for the bank/company to fill the necessary details.

How to fill up Form 15H

Download here Form 15H as applicable for A.Y. 2013-14

There is not much of difference while filling up form 15H except it has to be submitted by individual who is of the age of 60 years or more claiming certain receipts without deduction of tax.

I. The fields of Part I such as  1, 2, 3, 5, 6, 8, 9, 11, 12, 13, 15 and 16 are for personal details like Name, PAN and Contact Information. Assessment year (AY) is to be put in field 4. If the interest applies to say financial year 2012-13 then relevant AY is 2013-14.

II. In fields 7 and 10 you need to enter details Income Tax assessment office details of the last time you were assessed which you can find out from your PAN number.


III. Field 14 you can enter the year your income was last assessed. Field 17 and 20 required to be filled with present Ward/Circle and AO code.

Visit https://incometaxindiaefiling.gov.in/e-Filing/Services/KnowYourJurisdictionLink.html and type your PAN to see your Ward/Circle and AO code. AO code has Area Code, AO Type, Range Code and AO No.
 

IV. You can leave field 18 if not relevant. Interest amount from your deposit for the relevant previous yearn needs to entered in filed 21. Filed 22 estimated total income (mentioned in column 21)of the previous year.

V. Field 23 should be filled with the details of your deposits. In Schedule-III details of the sums given by the declarant on interest should be entered. Here you need to fill FD number, deposit amount, start date of the deposit, tenure of the deposit and interest rate etc.

VI. At last place your signature within the given space as Signature of Declarant and leave Part II since it is for the bank/company to fill the necessary details.
Hope this article will help you understand the complexity of the revised Form15 & Form 15H from the earlier once and submit the filled up form without any rejection.
If you still have any questions do share the same in the comment box.

How to Fill Form No 15G & 15H FOR "NO TDS'

Procedure: How to Fill Form No 15G

1 Who needs to fill form 15g

1. You do not need to pay income tax unless your total income exceeds the taxable income fixed by the government every year. But on certain income sources like interest from bank fixed deposit, company deposit, TDS applies, ie tax is deducted on interest by the bank before it is paid to you.
2. If your income is below taxable limit and you have interest income exceeding Rs 10,000 a year from FD or exceeding Rs 5,000 a year in case of company deposit you can submit form 15g to declare your total income to the bank or company and it will not deduct tax on interest payable to you.

2 When to submit form 15g

1. Form 15g should be submitted at the start of every financial year till the maturity of your deposit because as and when they pay interest (monthly, quarterly, etc) TDS applies.
2. Separate form 15 is to be provided for every branch. If you have 5 deposits in different branch then 5 form 15g have to be furnished if interest is expected to exceed Rs 10,000 in all.

3 How to fill form 15g

1. You can download the new form from our downloads page. Filling it is easy- just a few personal details, assessing officer details and deposit details are required. Before starting remember that all that banks require is your name, PAN, FD details in schedule III and signature. The rest can be skipped but for those who wish to go through the pain, below are the details!
2. In Part I fields 1, 2, 4, 5, 8, 9, 11, 12, 13, 15 and 16 are for personal details like name, PAN and contact information. Assessment year is to be put in field 3. If the interest applies to 2013-14 then assessment year is 2014-15.
3. Status in field 6 is your income tax status which would be Individual. In fields 7 and 10 you need to enter details Income Tax assessment office details of the last time you filed returns. Visit https://incometaxindiaefiling.gov.in/e-Filing/Services/KnowYourJurisdictionLink.html and type your PAN to see your Ward/Circle and AO code. AO code has Area Code, AO Type, Range Code and AO No.
4. In field 14 you can enter the year when you last filed returns. In field 17 and 20 enter present Ward/Circle and AO code. This will be same as in fields 7 and 10 unless you have changed locality. In field 18 enter status as Resident or NRI as applicable.
5. Field 19 can be skipped if not applicable. In field 22 you have to mention the interest amount from your deposit for the relevant previous year. In field 23 enter your total income after deductions allowed.
6. Details of your deposit is to be filled in field 24. Choose Schedule-III (Details of the sums given by the declarant on interest). Enter your customer id and FD number, deposit amount, start date of deposit, term duration of deposit and rate of interest.
7. Finally place your signature. Part II is for the bank/company to fill.

4 Points to remember

1. If you submit your form 15g later on in the year you can still claim back what was deducted by filing tax returns.
2. To qualify for no TDS deduction on interest your total taxable income should fall in the taxable limit and income from deposits should not fall in the taxable limit. 

DOWNLOAD 15G & 15H FORM

 Download Form 15G -https://app.box.com/s/apzqrlokjolkjsb7qukm

 New 15G form :-  https://app.box.com/s/8tw8zytg5jddq0mpqmx9

 Download Form 15H -https://app.box.com/s/zgrnesqe7crxey47lw58

Asus Eee PC 'How to Force Enable Snap Feature and Run Metro Apps on Low Screen Resolutions in Windows 8?'

How to Force Enable Snap Feature and Run Metro Apps on Low Screen Resolutions in Windows 8?

Microsoft showed a new feature in Windows 8 demos videos, its called "Snap". You can actually run 2 Start Screen apps or one Start Screen app and one Desktop app side-by-side using this new Snap feature.
But this new feature requires high resolution PCs and if your computer doesn't support the requirements, this feature will not be enabled for you.
Similarly Windows 8 comes with new metro apps but you need at least 1024x768 screen resolution to run them. If you have a lower screen resolution system such as netbook (1024x600) and you try to open a metro app from Start Screen, you get following error message:

This app can't open
The screen resolution is too low for this app to run.
Change your screen resolution

No need to worry! Today we are going to share 2 small registry tricks which will help you in enabling Snap feature and running metro apps even if your computer system doesn't meet the hardware requirements and doesn't have higher screen resolution.

Step 1: Enable Snap Feature on Lower Screen Resolution
 
To enable this feature, simply follow these simple steps:
1. Press "WIN+R" key combination to launch RUN dialog box then type regedit and press Enter. It'll open Registry Editor and go to following key:

HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\ImmersiveShell\

2. Under ImmersiveShell key, create a new key AppPositioner.

3. Now select newly created key "AppPositioner" and in right-side pane, create a new DWORD AlwaysEnableLSSnapping and set its value to 1

That's it. Restart your system or restart Explorer and you'll be able to enjoy this cool new feature.

Step 2: Run Metro Apps on Lower Screen Resolution
To successfully run metro apps on lower screen resolution PC, simply follow these simple steps:

1. Press "WIN+R" key combination to launch RUN dialog box then type regedit and press Enter. It'll open Registry Editor.

2. Now press "Ctrl+F" keys and it'll open Find dialog box. You can also open it using "Edit -> Find" menu.
Now type following text in Find text box:

Display1_DownScalingSupported

3. Click on "Find Next" button and it'll let you go to the first occurrence of the above mentioned registry key. Once you find a key with the name "Display1_DownScalingSupported", change its value from 0 to 1

4. Press F3 key and it'll let you go to the next occurrence of the text string. If you find more keys with the name "Display1_DownScalingSupported", change values of all of them from 0 to 1

5. Once finished, close Registry Editor and restart your system.

6. After reboot, right-click on Desktop and select "Screen Resolution" option. Now you should get 1024x768 option in the screen resolution list. Select it and apply the changes.

7. That's it. This trick will force Windows to think that your screen resolution is 1024x768 and you'll be able to run metro apps without any problem.