Form 15G & 15H Download 2026-27: Stop 10% TDS on FD Interest & EPF
With the start of the new Financial Year 2026-27, banks and the EPFO will automatically begin deducting a 10% to 30% TDS (Tax Deducted at Source) on your Fixed Deposit interest and PF withdrawals. If your total annual income is below the taxable limit, you must submit a fresh Form 15G or Form 15H in the first week of April to legally block this deduction. If you forget, the bank will take your money.
Every year, millions of Indians lose thousands of rupees in interest simply because they assume the bank knows they don't owe taxes. The banking system is automated. Once your interest crosses the threshold, the system cuts 10% and sends it to the Income Tax Department.
Yes, you can eventually claim it back by filing an ITR, but why would you let the government hold your money interest-free for a year? If you are waiting on a delayed refund right now, you already know the pain of an income tax refund processed but not credited. Here is exactly how to submit your forms today and stop the TDS bleed.
1. Form 15G vs. Form 15H: Which Do You Need?
Do not download the wrong form, or your bank will instantly reject it.
| Feature | Form 15G | Form 15H |
|---|---|---|
| Age Limit | Individuals below 60 years of age, and HUFs. | Senior Citizens (60 years or older). |
| Income Condition | Total interest income must be less than the basic exemption limit. | Total taxable income must be nil after all deductions. |
| Interest Threshold | Submit if FD/RD interest exceeds ₹40,000 in the year. | Submit if FD/RD/SCSS interest exceeds ₹50,000 in the year. |
If you are a senior citizen relying on the Senior Citizen Savings Scheme (SCSS) or Post Office monthly schemes, submitting Form 15H in the first week of April is absolutely mandatory to protect your quarterly payouts.
2. The EPF Withdrawal Trap (34.6% Penalty)
This is where most salaried employees make a catastrophic mistake. If you apply to withdraw your Employee Provident Fund (EPF) and your continuous service is less than 5 years, your PF amount is fully taxable.
If your withdrawal amount is more than ₹50,000 and you fail to upload Form 15G along with your PF claim on the UAN portal, the EPFO will deduct a massive 10% TDS. Worse, if your PAN is not linked or is currently inactive, they will deduct the maximum marginal rate of 34.6%.
3. How to Submit Form 15G/15H Online in 5 Minutes
You do not need to stand in a long queue at the SBI or HDFC branch. Almost every major bank allows you to submit this declaration digitally via Net Banking or their mobile app.
- Log in to your bank's Net Banking portal.
- Navigate to the 'Tax' or 'Services' or 'Fixed Deposit' section.
- Click on the link for Submit Form 15G/15H.
- The bank will auto-fill your CIF, Name, and PAN details. You simply need to enter your estimated total income for the FY 2026-27 and the estimated interest you expect to earn.
- Authenticate using an OTP sent to your Aadhaar-linked mobile number.
Crucial Warning: Never submit a fake Form 15G if your income is actually taxable just to avoid TDS. The banks report every single 15G submission directly to the Income Tax Department, and it will reflect immediately in your Form 26AS and AIS. Submitting a false declaration carries severe penalties under Section 277.
Download The Official Form 15G/15H PDFs Now
If you are submitting this to the EPFO or a Post Office, you need the physical PDF format. Do not download outdated forms from random websites. Join our Telegram channel to get the official, updated FY 2026-27 PDF copies of Form 15G and 15H sent straight to your phone.
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