The Central Board of Direct Taxes, CBDT has simplified the format and procedure for self declaration by individuals in 15G and 15H forms. These forms are filed by persons whose incomes are below the taxable threshold to seek exemption from TDS on interest income. An official release said, under the simplified procedure, a payee can submit the self-declaration either in paper form or electronically. Besides, the procedure for submission of the Forms by the deductor has also been simplified. The deductor will not deduct tax and allot a Unique Identification Number (UIN) to all self-declarations. The requirement of submitting physical copy of these forms by the deductor to the income-tax authorities has been dispensed with. However, these forms will be required to retain for seven years. The revised procedure will be effective from tomorrow.