Form 15G/15H | Union Bank of India

Under section 80G we can claim 100% or 50% deduction but by following the rules made by Income tax department. The following taxpayer can claim a deduction under this section 80G : Individuals Companies Firms Hindu Undivided Firm (HUF) Non-Resident Indian (NRI) Any other person List of Donations eligible for 50% deduction subject to 10% of adjusted gross total income : 1) Any other fund or institution satisfies the conditions mentioned in Section 80G(5). 2) Government or any local authority, to

Form 15G is a declaration that can be filled out by fixed deposit holders (individuals less than 60 years of age and HUFs) to ensure that no TDS (tax deduction at source) is deducted from their interest income in a year. Form 15G can be easily found and downloaded for free from the website of all major banks. Additionally, this form can also be easily downloaded from the Income Tax Department website. | Bekifaayati