Answer

1. F

   Facts

   Form 15H only stops TDS. It does not make the interest exempt. Interest still appears in AIS and must be reported in your return.

2. P

   Provisions and law

   • Sec 285BB (now Sec 510)Annual Information Statement of a taxpayer's reported transactions and taxes
   • Sec 197A (now Sec 393(6))Declaration for no TDS by eligible persons (Form 15G or 15H)
   • Sec 80TTB (now Sec 153)Deduction for interest income of senior citizens
3. A

   Analysis

   If FD interest of ₹2,40,000 was paid without TDS because of Form 15H, report all of it. Under the old regime, 80TTB allows up to ₹50,000. If your total income is within the basic exemption and rebate limits, there may be no tax. Do not mark the entry as not taxable.

4. C

   Conclusion

   1. 1Add up interest from all banks from AIS and certificates
   2. 2Report it in Schedule OS
   3. 3Claim 80TTB if in the old regime
   4. 4Check whether Form 15H was valid for your income level

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.