Form 15H is an Income tax form where any citizen of India above the age of 60 can declare their income and get relief on the tax. Anyone below the age of 60 years cannot file Form 15H. Hence it is always advisable to file Form 15h at the beginning of the year itself so that your tax amount gets reduced before it comes under scrutiny. It is beneficial for individuals whose total income comes from Bank deposits and Post office investments.
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