📢 Income Tax Due Date Alert – Upload Form 15G/15H for July–September 2025

 Staying compliant with quarterly tax filing obligations is essential for every business and institution. One of the most important forms under the Income Tax Act, 1961 that requires timely attention is Form 15G and Form 15H. These declarations help ensure that tax is not deducted at source (TDS) on certain incomes when individuals’ total income falls below the taxable limit.

The due date for uploading Form 15G/15H declarations received for the quarter ending September 2025 is 15th October 2025. Timely submission is not only a matter of compliance but also safeguards both entities and individuals from unnecessary interest and penalty implications.

🔍 What Are Form 15G and Form 15H?

Both these forms serve as declarations under the Income Tax Act to prevent the deduction of TDS in certain situations:

  • Form 15G: This form can be submitted by individuals below the age of 60 years and Hindu Undivided Families (HUFs) whose total income is below the taxable limit.

  • Form 15H: This form is specifically for senior citizens (aged 60 years or above) who have income below the taxable limit and seek non-deduction of TDS on income such as interest from bank deposits.

These forms act as a declaration from the recipient that their total income for the year will not attract any tax liability, and hence, no TDS should be deducted on certain incomes like:

  • Interest on fixed deposits or recurring deposits

  • Income from corporate bonds or post office deposits

  • Rent or other specific payments covered under TDS provisions

🗓️ Due Date: 15th October 2025

The Income Tax Department mandates that all entities — including banks, cooperative societies, companies, and other institutions — that have received Form 15G/15H declarations from recipients for the quarter ending September 2025 (July–September) must upload these declarations on the income tax reporting portal by 15th October 2025.

This applies to all declarations received between 1st July and 30th September 2025. The upload should be made using the Income Tax Reporting Entity module at the Reporting Portal (https://report.insight.gov.in).

🧾 Why Is Uploading Form 15G/15H Important?

Timely uploading of Form 15G/15H is critical for multiple reasons:

  1. Regulatory Compliance: The Income Tax Department uses these uploaded details to cross-verify non-deduction of TDS by entities. Non-submission could lead to penalties for non-compliance.

  2. Avoid Interest Liability: If TDS is not deducted but Form 15G/15H is not uploaded, it can be treated as a reporting lapse, attracting interest and possible scrutiny.

  3. Transparency: Uploading ensures that both the deductor and the declarant have a digital record of the declaration, promoting transparency in tax reporting.

  4. Smooth Reconciliation: Proper filing helps reconcile TDS data in Form 26AS and the new Annual Information Statement (AIS), avoiding mismatches or disputes later.

⚠️ Consequences of Missing the Due Date

Failure to upload Form 15G/15H declarations within the prescribed due date can result in the following issues:

  • Compliance Breach: Non-filing can be considered a violation of Rule 29C of the Income Tax Rules, 1962.

  • Penalties: The Income Tax Department may levy penalties under Section 272A(2)(f) — ₹500 per day for each failure to submit Form 15G/15H data on time.

  • System Rejection: In some cases, TDS might still be considered as deductible if declarations are not properly uploaded, leading to double taxation and refund hassles.

Hence, it’s vital that all deductors upload these forms promptly to stay compliant and avoid unnecessary complications.

💡 Best Practices for Filing Form 15G/15H

To ensure seamless compliance, consider the following steps:

  1. Collect Declarations Timely: Ensure recipients provide signed and valid Form 15G/15H before the payment or credit date.

  2. Validate Details: Verify that PAN numbers, addresses, and income estimates are accurate and match records.

  3. Upload via Reporting Portal: Use the authorized Reporting Entity credentials to upload XML files as per prescribed schema.

  4. Maintain Records: Keep soft and hard copies of all declarations for at least 7 years as part of statutory compliance.

  5. Regular Review: Review your TDS reporting and reconciliation processes quarterly to identify discrepancies early.

🧠 Expert Tip from Taxla Services

At Taxla Services, we advise our clients to maintain a quarterly compliance calendar and delegate responsibility for each due date to ensure timely filing. Small steps like maintaining updated declaration registers and validating PAN details can save time and penalties.

Whether you’re a bank, cooperative society, or business entity — our team of tax professionals ensures that all TDS, Form 15G/15H, and other statutory returns are filed accurately and on time.

📞 Need Assistance?

Stay ahead of deadlines and ensure 100% compliance with expert tax guidance.
We help businesses streamline their TDS compliance, quarterly return filing, and declaration management.

📞 Contact us today: +91 7305701454
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com

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