Due Date for Furnishing Form 15G/15H Declarations – Quarter Ending March 2026

Form 15G and Form 15H are important self-declarations that help eligible taxpayers avoid unnecessary TDS deductions. Deductors must ensure timely submission of these declarations to the Income-tax Department.

What are Form 15G and Form 15H?

• Form 15G: Submitted by individuals (below 60 years) whose total income is below the taxable limit
• Form 15H: Submitted by senior citizens (60 years or above) with nil tax liability

These forms are governed under Section 197A of the Income-tax Act, 1961, allowing non-deduction of TDS on specified incomes like interest.

Due Date for Quarter Ending March 2026

As per Rule 29C of the Income-tax Rules, 1962:

• Deductors are required to furnish the details of Form 15G/15H declarations on a quarterly basis
• The submission is made electronically to the Income-tax Department

Due Date:

• For the quarter ending 31 March 2026, the due date is:
  30 April 2026

Mode of Submission

• Details must be uploaded through the Income-tax e-filing portal
• Filing is done using the prescribed statement format (XML/online utility)
• A Unique Identification Number (UIN) is generated for each declaration

Key Compliance Points

• Declarations must be collected before TDS is deducted
• Ensure PAN of the declarant is valid and correctly quoted
• Maintain proper records of physical/digital forms
• Incorrect or delayed submission may lead to compliance issues

Consequences of Non-Compliance

Failure to submit Form 15G/15H details within the due date may attract:

• Penalty under Section 272A(2)(f): ₹100 per day of default
• The penalty is subject to the amount of tax deductible

Conclusion

For the quarter ending March 2026, ensure that all Form 15G and 15H declarations are reported by 30 April 2026 to remain compliant and avoid penalties.

For expert guidance on this topic, contact your tax professional today.