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These are the forms submitted by fixed deposit holders to a relevant financial entity like a bank at the beginning of a financial year. It helps in avoiding TDS on the interest earned on the deposit amount. Other than this, did you know that these forms can also be submitted if your income exceeds INR 2.5 lakh, but going by some conditions? Read on to know how. Eligibility for Form 15G/15H Submission TDS Form 15G/15H is required to submit to the financial institutions i.e banks to avoid TDS deduction on the interest income on FDs. if the interest income crosses the threshold limit. Those who reside in India and age below 60 years of age during the year as mentioned in the form can submit Form 15G. On the other hand, a resident individual with age 60 years and above i.e senior citizens and super senior citizens are liable to submit Form 15H. Moreover, an individual with zero tax liability can also submit this form. The tax payable for any taxpayer is calculated on the net ta...