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About this tool
Check whether you can file a Form 15G or 15H no-TDS declaration with your bank, and see the TDS at stake.
This checker tells you whether you may file Form 15G or Form 15H — the self-declarations that stop a bank deducting TDS on your interest — by applying the actual tests in sections 197A(1), 197A(1A) and 197A(1C) of the Income-tax Act. It works out tax on your estimated total income under the new or old regime, compares your interest against the basic exemption limit, and shows the section 194A TDS you stand to lose if you do not file. It is aimed at depositors, pensioners and anyone whose fixed-deposit interest crosses the bank's TDS threshold.
Open Form 15G and 15H Eligibility Checker on AltFTool — it loads instantly in your browser.
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Applies the nil-tax test and, for Form 15G only, the interest ceiling in section 197A(1A).
Uses the section 194A limits of Rs 50,000, and Rs 1,00,000 for senior citizens, in force from 1 April 2025.
Prints the TDS that would be deducted at 10%, or 20% where no PAN is on record under section 206AA.
A resident individual who is 60 years or more at any time during the financial year submits Form 15H; everyone else eligible uses Form 15G. Form 15H has only one condition — tax on estimated total income must be nil — while Form 15G additionally requires that total interest stays within the basic exemption limit.
From 1 April 2025 a bank, co-operative bank or post office deducts TDS under section 194A only once interest crosses Rs 50,000 in the financial year, or Rs 1,00,000 for a senior citizen. Below that, no declaration is needed because no TDS arises.
No. Section 197A(1A) blocks Form 15G once aggregate interest exceeds the maximum amount not chargeable to tax, which is Rs 4,00,000 under the new regime for FY 2025-26 and Rs 2,50,000 under the old regime for someone below 60. A person aged 60 or above escapes this test because Form 15H has no interest ceiling.
The declaration is a statement made under section 277, so a false declaration to avoid tax can attract prosecution, and any tax the bank did not deduct still has to be paid with interest under sections 234B and 234C. If your income turns out higher than estimated, withdraw the declaration and let the bank deduct, or discuss the position with a tax professional.