To prevent TDS on FD under new tax regime can senior citizens with income up to Rs 12 lakh file Form 15H?

TDS on FD: If the interest amount in a particular bank is over Rs 1 lakh then TDS is deducted by banks. But if a senior citizen files Form 15H with the bank then he can prevent this TDS deduction if the senior citizen's income is up to Rs 12 lakh under the new income tax regime. Read below to know more about Form 15H.

from Tax-Wealth-Economic Times https://ift.tt/Z3A6Dg5