A Provident fund is a government-managed retirement savings scheme for employees who can contribute a part of their pension fund every month. And, Form 15G is a declaration that can be filled out by ...

According to section 192A of the Income Tax Act, Tax Deducted at Source (TDS) will be deducted if the withdrawal amount exceeds Rs 50,000 and the employment tenure is less than 5 years. To avoid TDS ...

Income Tax Saving on FD: Fixed Deposits (FDs) provide an investor guaranteed returns in the form of interest earned on deposits. One can also get tax exemption on deposits of up to Rs 1.50 lakh under ...

New Delhi: In a customer-friendly move, the Union Bank of India has made it easier for its customers to submit Form 15G & H annually online using the bank’s Union Virtual Connect WhatsApp channel ...

If you invest in certain instruments like bank fixed deposit, recurring deposit and corporate deposit, the interest you earn is taxed. Banks and post offices will deduct TDS (Tax deducted at source) ...

As per the Income Tax Act of 1961, financial institutions like Bajaj Finance must deduct TDS if the interest income of customers investing in FDs exceeds Rs. 40,000 in a financial year (this limit is ...