If you want to download Bank of India Form 15H PDF, you can download the Bank of India Form 15H through the download link given inside this article.
An individual has to furnish Form 15H to his deduct or on time i.e. either before the due date of the interest payment or before 31st day of the month following that in which it became payable, whichever is earlier, in order to avail of benefits under this scheme.
Form 15H is a self-declaration form which helps individuals above 60 years of age save Tax Deducted at Source (TDS) on the income tax.
The Form 15H can be filled by any individual who has not filed his or her income tax return in the financial year and wants to avail of this benefit.
This form is applicable for those who are not able to fill Form 16, but have no other source of income like interest from bank deposits, dividend from shares, pension etc.
To Fill the Required Details in Bank of India Form 15H
- Name of Applicant
- PAN of Applicant
- Date of birth
- Residential status
- Complete residential address and contact information
- Financial year pertaining to the mentioned income
- The applicant has to enter ‘YES’ if he has been assessed in any of the years out of the six assessment years prior to the mentioned assessment year
- The estimated total income for which the applicant wishes to submit a declaration
- The estimated total income for the current year along with the estimated income in the previous point
- The exact number of Forms filled by the applicant along with the total income pertaining to which the declaration is being filed by the applicant
- Details pertaining to the applicant’s number of shares, account number of the deposit, NSS details and LIC policy number along with his employee code
- The applicant then needs to diligently verify and rectify the errors, if any, before signing the form.
Benefits of the Bank of India Form 15H
- TDS on the interest income from Fixed Deposits:– Form 15H helps a senior citizen save taxes on the interest earned by him from fixed deposits and recurring deposits kept with banks.
- TDS on EPF withdrawal:- Generally, TDS is applicable to Employee Provident Fund (EPF) balances in cases where the EPF is withdrawn before completion of 5 years of regular or continuous service in a particular organization. However, if any individual has an accumulated fund of Rs. 50,000 or above and wishes to withdraw the same before completion of the continued service period of 5 years then he may do so and is free to submit Form 15H to avoid the deduction of TDS on his EPF balance.
- TDS will be deducted at 10% provided PAN is submitted. Otherwise, TDS is deducted at the rate of 34.608% if PAN is not submitted.
Download PDF for Bank of India Form 15H
Bank of India (BOI) Customer Care Helpline Number
Contact Numbers
Toll Free Number: 1800 103 1906
RTGS : (022) 67447092 / 93
NEFT : (022) 61312984/61312992/61312997
IMPS : (022) 61312994/61312995
UPI : (022) 67447025
E-mail Id: Rtgs.boi@bankofindia.co.in
E-mail Id: Boi.neft@bankofindia.co.in
E-mail Id: Boi.imps@bankofindia.co.in
Bank of India Head Office Address:-
C – 5, “G” Block,
Bandra Kurla Complex,
Bandra (East), Mumbai 400 051.
Conclusion
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