Form 15G is a return to ensure that TDS (source deduction) is removed from their interest income for fiscal purposes, and can be filled in by banks holders of fixed deposits (persons under the age of 60 and HUF). According to current tax rules, in the event of interest on a fixed deposit, revolving investment, banks must deduct tax at their source. Form 15H is a self-report form that lets people above the age of 60 spare their Source deducted taxes on their fixed deposits' interest income. The assessee shall apply to his banker a disclosure form such that no deductible or lower deductions may be applied for the fixed deposits made by him.