If you're investing in bonds and want to avoid TDS (Tax Deducted at Source) on your interest income, Form 15G is your go-to declaration.
To file Form 15G, all of the following must be true:
You are an individual (not a company or firm)
You are below 60 years of age
Your total income is below the taxable threshold
Your tax liability is zero
You have interest income (e.g., from FDs or bonds) on which TDS is applicable
Your total taxable income is below ₹2.5 lakhs
➡️Note: Under the new regime, the basic exemption limit has been increased to ₹3 lakh, so you can file Form 15G if your total income is below this (and tax liability is nil).
Let’s break down the entire form, column by column.
Write your full name exactly as it appears on your PAN card.
Enter your Permanent Account Number (PAN). This is mandatory—the form is invalid without it.
Always fill in INDIVIDUAL here. This form is meant for individuals, not firms or companies.
This refers to the current financial year.
📅 If you're filling the form in April 2025, your P.Y. will be 2025–2026 (from 1st April 2025 to 31st March 2026).
If you’re a resident Indian for tax purposes, write INDIAN here.
Column 6: Flat/Door/Block No. – Your apartment or house number
Column 7: Name of Premises – Building or society name (optional if not applicable)
Column 8: Road/Street/Lane – Your street name
Column 9: Area/Locality – Locality, neighborhood, or zone
Column 10: Town/City/District – Your city or district
Column 11: State – Your state (e.g., Gujarat)
Column 12: PIN – Your 6-digit postal code
Column 13: Email – Valid email address
Column 14: Telephone/Mobile No. – Add your mobile number or landline with STD code
Mark YES if you have filed income tax returns earlier. Otherwise, mark NO.
If you answered YES above, mention the most recent Assessment Year for which you filed returns.
🧠 Note: The Assessment Year is always one year ahead of the Financial Year.
📅 Example:
If the Financial Year is 2025–26 (i.e., from 1st April 2025 to 31st March 2026), then the corresponding Assessment Year is 2026–27.
Write the total interest income you expect to earn from the bond in the current financial year.
💡 Example:
If you invested in a bond in April 2025 and received monthly interest, then for Form 15G, you need to add up all interest payouts from April 2025 to March 2026—i.e., the entire financial year 2025–26.
This is your total income from all sources for the financial year—include salary (if any), FD interest, bond interest, etc.
💡 To be eligible for Form 15G, this must be less than ₹2.5 lakhs.
If you’ve already filed Form 15G for other investments this year:
Mention the number of forms submitted
And the total income declared in them
If this is your first and only Form 15G for the year, you can leave this blank.
💡 Example:
Let’s say earlier in FY 2025–26, you had already submitted Form 15G for an FD in Bank A, where the estimated interest income was ₹40,000.
Now, if you're filing another Form 15G for a bond on Stable Money, you need to mention:
Total No. of Form 15G filed: 1
Aggregate amount of income for which Form 15G filed: ₹40,000
This helps the tax department track the cumulative non-taxable income you've declared under Form 15G across institutions.
Here’s how to fill the table in this section:
Identification Number of Investment: Use the ISIN of the bond (check your deal sheet or email confirmation)
Nature of Income: Write “Income from Interest”
Section under which tax is deductible: Write “193”
Amount of Income: Use the same value you entered in Step 16
At the bottom of the form:
In the blanks, write your name
Mention the financial year end date as 31/03/YYYY
Mention the assessment year as one year after the financial year (e.g., 2025–26 for FY 2024–25)
Finally, sign and date the form
This section is for the bond issuer. You don’t need to fill anything in PART II.