This blog describes the notion of a Lower Tax Deduction Certificate (LTDC) in India, its benefits, and how to apply for it. Learn how to lower TDS on your income by filling out Form 13 under Section 197 of the Income Tax Act. Learn about qualifying requirements, needed documentation, and how an LTDC may enhance your cash flow and lower your tax burden.

Section 197A of the Income Tax Act provides relief to individuals with incomes below the taxable limit by allowing them to submit Form 15G or Form 15H to avoid TDS deductions. This blog explains the eligibility criteria, benefits, and the process of submitting these forms, along with the potential consequences of providing incorrect information.