Question ID : 40994

Estimated Total Income for Form 15H

Dear Friends, For Fin. Yr. 2021-2022, the estimated Interest Income under the Head Income From Other Sources of a resident senior citizen above 60 years is Rs.6,80,000/=. He has no income under other Heads of Income.. He is entitled for deduction of Rs,1,50,000/= u.s.80C and Rs.50,000/= u.s.80TTB. Therefore, his estimated Total Income which he will be required to mention in Column No.16 of Form 15H will be Rs.4,80,000/=. Further, he will also be entitled to claim full Tax Rebate u.s.87A and so his Tax Liability for the year will be NIL. Please advice me whether such an individual can file a valid Form 15H for non deduction of tax at source in April or May, 2021.

Answer ID : 80932

Can file form 15H because the said individual's tax on estimated income is NIL. Inference :- Wording of 'declaration/verification ' of form 15H.

Answer ID : 80933

Yes. If tax payable is NIL, Form 15H can be filed.

Answer ID : 80941

yes. he can file Form15H. Addly. he can claim Rs.50000/ towards medical expenses u/s80D if he has no mediclaim insurance

Answer ID : 80964

yes, it can be

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