Until now, individuals below 60 years used Form 15G, while senior citizens relied on Form 15H to prevent TDS if their total ...

From April 1, 2026, India’s income tax system gets a major reset with new forms under the Income-tax Rules, 2026. Form 121 ...

Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior ...

The new Form 121 merges earlier forms into a single declaration system for TDS exemption. It simplifies compliance while ...

For FD investors, the beginning of the financial year is not just about investment planning—it is also about optimising ...

The 2025 Act replaces multiple forms with simplified, category-specific formats. It streamlines compliance while retaining ...

Form 121 replaces Form 15H, which is filed by senior citizens, as well as Form 15G, which is filed by individuals below the ...

Until now, senior citizens relied on Form 15H to declare that their income was below the taxable limit and to prevent TDS on ...

For senior citizens, this marks a key change. Earlier, Form 15H allowed those aged 60+ to declare nil tax liability and avoid ...

Form 15H has been replaced by Form 121 under Income-tax Rules 2026. Learn key changes, eligibility, UIN system, and mistakes ...

As per the Income Tax Act 2025, which comes into effect from April 1, 2026, Forms 15G and 15H merged into a single unified ...