Stop excess TDS — Form 15G/15H and the Section 197 lower-TDS certificate

Form 15G / 15H

Give the bank a declaration that your total income is below the taxable limit so it doesn't deduct TDS on your interest — 15H for senior citizens, 15G for others.

Section 197 — lower / nil TDS certificate

Where TDS would exceed your real tax — rent, professional fees, or an NRI selling property (where 20%+ TDS applies on the whole sale value) — apply on TRACES for a certificate directing the payer to deduct at a lower or nil rate.

Who it helps

Pensioners and small investors (15G/15H); professionals, landlords and NRIs selling property (Section 197) — huge cash-flow benefit versus waiting for a refund.