How to fill new Form 15G with sample example-April 2017

15g 15h sample form with step by step guideline

How to fill new Form 15G with sample example-April 2017

Also Read: Rules for submitting declaration forms 15G or 15H

Step by Step Guideline to Fill up 15 G form with Sample: Click on Image to Enlarge

1. Name of Assessee (Declarant): Write the name as mentioned on PAN card.

2. PAN of the Assessee: Write your PAN number

3. Status: Individual / Hindu Undivided Family (HUF): As applicable in your case.

4. Previous year (P.Y.) (for which declaration is being made): It is one of the important column where people generally confused.Let understand the basic:
Calendar Year: Starts from 1st January & Ends on 31st December - e.g. 01-01-2017 to 31-12-2018
Financial Year (FY): Starts from 1st April & Ends on 31st March e.g 01-04-2017 to 01-03-2018
Assessment year (AY): For FY 2017-18, AY year will be 2018-19

In terms of Income Tax Guideline, Income earned in particular year (e.g in 1-4-2017 to 31-03-2018) will be taxed in next financial year. So, the Financial Year to which income belong is termed as Previous Year i.e The financial year to which the income pertains.

In above mentioned 15G form, Previous Year mentioned as 2017-18 because income will be earned in this FY (2017-18) for which Mr.Anand Kumar has submitted the 15G form to bank on 02-04-2017.

Also Read: New 15G & 15H Forms Rules-You should know!

5. Residential Status, 6. Flat/Door/Block No.,7. Name of Premises, 8. Road/Street/Lane, 9. Area/Locality,10. Town/City/District,11. State,12. PIN: These columns are self-explanatory, you need to fill up your address details

13. Email: fill up your e.mail id

14. Telephone No. (with STD Code) and Mobile No.: If, you don't have land line then just fill up the mobile number

15 (a) Whether assessed to tax under the Income-tax Act, 1961: Tick on Yes if assessed to tax under the provisions of Income-tax Act, 1961 for any of the assessment year out of six assessment years preceding the year in which the declaration is filed. or fill up no if not assessed under  the provisions of Income-tax Act, 1961 

     (b) If yes, latest assessment year for which assessed: Mention your latest assessment year in which you have filed income tax return.

16. Estimated income for which this declaration is made: Fill up the estimated income. e.g  in sample form Mr. Anand Kumar has fixed deposit in a bank and will get interest of Rs 15,000/- Approx.

17. Estimated total income of the P.Y. in which income mentioned in column 16 to be included: In sample case, Mr. Anand Kumar estimated Total income from business Rs.1,00,000/- and Rs. 15,000/- from Interest on FD. So, his Estimated total income became 1,15,000/- (Rs. 1,00,000/- Plus Rs. 15,000/-)

18. Details of Form No. 15G other than this form filed during the previous year, if any:

     Total No. of Form No. 15G filed: Fill zero if first time submitting in FY 2017-18

     Aggregate amount of income for which Form No.15G filed

19. Details of income for which the declaration is filed: 
SL.No. ,Identification number of relevant investment/account,etc.Nature of income , Section under which tax is deductible, amount of income: Fill up serially all the investment, e.g FD, MIS etc with their respective numbers, amount.

The section on which tax is deductible:
  • 192A-Premature withdrawal from EPF ( w.e.f 01.06.2015)
  • 193 – Interest on securities
  • 194 – Dividends
  • 194A – Interest other than interest on securities – Others
  • 194A – Banks (Recurring deposit).
Also Read: New Income Tax rules regarding 15G/15H

Declaration Part:

We have covered all the basic information regarding 15G form.  

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