Meaning
This form allows eligible senior citizens to avoid Tax Deducted at Source (TDS) on certain incomes.Definition and Purpose
**Form 15H** is a self-declaration for Indian residents, age 60+, to request no TDS deduction on incomes like interest. Its **purpose** is for individuals whose total estimated income is below the tax-exempt limit for the financial year.Eligibility Criteria
You must be: * An Indian resident, 60 or older. * Have estimated total income below the tax-exempt limit.How It Functions
Eligible senior citizens submit Form 15H to their income payers (e.g., banks). This prevents TDS from being deducted.Author
