Tax deductors who have received Form 15G or Form 15H declarations during the quarter ended 31 March 2026 must upload the prescribed particulars within the due date to remain compliant with TDS reporting requirements. This is an important annual reporting obligation for banks, financial institutions and other deductors receiving nil-TDS declarations.

Due Date for Filing Form 15G/15H Declarations

The due date for furnishing details of Form 15G/15H declarations received during the quarter ending March 2026 is 30 April 2026, as reflected in the official Income Tax Department Tax Calendar for FY 2026–27.

This compliance requirement applies to declarations received from 1 January 2026 to 31 March 2026 and must be reported electronically by the payer to the income-tax authority within the prescribed time.

Legal Basis and Compliance Requirement

The filing requirement is governed by Rule 29C of the Income-tax Rules, 1962 read with section 197A of the Income-tax Act, 1961.

Under Rule 29C:

• Form 15G is submitted by eligible resident persons (other than companies and firms) declaring that tax on their estimated total income will be nil.
• Form 15H is submitted by eligible resident senior citizens (aged 60 years or above) declaring nil tax liability.
• The deductor receiving such declarations must upload the particulars of these forms to the income-tax department within the prescribed due date.

Accordingly, declarations received during the quarter ending 31 March 2026 must be uploaded on or before 30 April 2026.

Who Needs to Comply

This requirement generally applies to deductors who receive Form 15G/15H against payments such as:

• Interest on bank deposits
• Interest on post office deposits
• Insurance commission
• Dividend income in eligible cases
• Other specified incomes where section 197A applies

Typical reporting entities include:

• Banks
• NBFCs
• Post Offices
• Corporates and other specified deductors

Important Practical Point for FY 2026-27

While Form 15G and Form 15H have been replaced by unified Form 121 from 1 April 2026 under the new compliance framework, the reporting due on 30 April 2026 still relates to declarations actually received during the January–March 2026 quarter, when Forms 15G/15H were in force. Therefore, the reporting obligation for the March 2026 quarter continues to apply in the existing format.

Consequences of Non-Compliance

Failure to upload Form 15G/15H particulars within time may result in:

• Fee and penalty exposure for non-compliance
• TDS reporting mismatch
• Departmental notices and scrutiny risk

Deductors should reconcile declarations received, verify PAN details, and ensure timely upload before the due date to avoid compliance issues.

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