A person will have to submit Form No 15G, while Senior Citizen have to submit Form No 15H, if he do not wish to deduct tax.

Individual investors fill up Form 15G and 15H to avoid tax deduction at tax. However, one should take due care while submitting these forms. Online submission of Form 15G/15H to benefit taxpayers ...

“However, if your income is below the basic exemption limit then you may submit Form 15G/H and prevent TDS from getting ...