
Login using internet banking credentials.At the venue access using debit card or Internet Banking details.The other option to file Form 15G / H to ICICI bank is through Insta Banking Kiosk: Save Service Request number for your future reference.Don't forget to download the Acknowledgment.You can view the list of deposit accounts for which the form is generated and > click on ‘Submit Form’ to finish the process.On Request Confirmation page, recheck details and > click submit.
From column on top > Payments and Transfer > Select Tax Centre. ICICI Bank ICICI prescribes following steps for online furnishing of Form 15G/ 15H In addition to this some banks like HDFC do not even lay requirement to opt for internet banking to file form 15G / 15H. Now users have the option to opt for physical submission of form or just login with internet banking credentials and submit these Forms. The process for online submission of Form 15G and 15H has been much simplified since its introduction in year 2015. The taxpayer can file Form-15G/Form 15H, as applicable to avoid or for lower deduction of TDS. Proceeds of life insurance policy - If such proceeds other than those u/s 10(10D) exceeds Rs.1,00,000 in a FY then the payer is required to deduct TDS 5%. Dividends - If the dividend income exceeds Rs.2,500 then TDS is required to be deducted.Form-15G/Form-15H can be submitted for non/lower deduction of TDS. Form 15G or Form 15H can be submitted requesting for non deduction of any TDS amount applicable. Post office deposits – Digitalised post offices also deduct TDS on the basis of specified conditions. Form 15G or Form 15H can be submitted to the issuer requesting for non-deduction of such TDS amount. Income from corporate bonds - TDS is deducted on income from corporate bonds exceeding Rs 5,000. Insurance Commission - Any insurance agent earning commision exceeding Rs 15,000 is liable to TDS and can validly file these forms.
On Rental income - If rental income is Rs 2,40,000/- or more during the year and resultantly tax is deductible, you may file Form 15G or Form 15H as per the applicability.But the compliances can be avoided on furnishing Form 15G/H subject to fulfilment of conditions. Premature EPF Withdrawals - Any amount withdrawn Rs 50,000 or more before 5 years from date of opening the account is liable for TDS.Interest Income - To banks and financial institutions deducting TDS on interest income.Forms 15G / H can be submitted for these transactions namely