What is Rule of Filing 15G to Prevent TDS?

I am a male of 60 yrs, resident, having business in Delhi. My estimated total income for FY 2009-10 is 200,000/.I have invested Rs 70,00/= in PPF. Now my taxable income is 200,000- 70000 = 130,000.  Since Rs 130,000 is below the taxable limit of Rs 160,000 this yr ,I want to invest in senior citizen scheme of post office having interest of 9% pa.
Can I give them form 15 G for not deducting TDS on interest.
Gopi Ram Bansal , New Delhi

Form 15G is a self declaration which if given to the tax deductor ,saves your payment from being liable to tax at source.

What are the condition? Simple rule to judge if you are eligible for filing Form 15G are : What are the condition? Simple rule to judge if you are eligible for filing Form 15G are : What are the condition? Simple rule to judge if you are eligible for filing Form 15G are : 1. You are below 65 years , and

2. Your total income is below maximum total income not taxable . For example in FY 2009-10, total income should be below Rs 1,60,000 for Male and Rs 1,90,000 for Female. and

3.  Aggregate of income from Dividend , or Interest or withdrawal r surrender plan of pension plan of insurance  for deduction u/s 80CCA was availed should be less than maximum total income not taxable. For example ,aggregate of such income of a MALE in FY 2009-10  should not be more than RS 1,60,000  .

If all the aforesaid conditions are fulfilled, one is eligible for filing 15G.

In your question , although your total income is less than Rs 1,60,000 , however , you have not stated what is the AGGREGATE of  interest or dividend etc. Therefore check the facts your slef and if you find that te aggregate of interest or dividend for Fy 2009-10 is less than Rs 1,60,000 , you are eligible for filing 15G.