To make the process simpler and more streamlined for individuals and senior citizens, the government has merged Forms 15G and 15H into a single Form No. 121 under the Income ax Rules, 2026. Taxpayers ...

Tax rules 2026: In a major shift in tax compliance rules, Form 15H, long used by senior citizens to avoid TDS, has now been discontinued. Starting April 1, 2026, it has been replaced by a new, unified ...

Senior citizens who are earning income below the basic exemption limit will no longer use Form 15H to avoid tax deducted at source (TDS). Under the Income-tax Rules 2026, this form has been replaced ...

Budget 2026 has introduced a significant tax compliance reform aimed at easing the burden on senior citizens. In a move welcomed by elderly investors across the country, the government has announced ...

New Income Tax Forms 2026: From April 1, 2026, India’s income tax system gets a major reset with new forms under the Income-tax Rules, 2026. Form 121 replaces Forms 15G and 15H, creating a single ...

You can stop banks from deducting TDS on your fixed deposit interest—if your total income is below the taxable limit. Banks usually deduct 10% tax (TDS) if your FD interest is more than Rs 40,000 in a ...

From April 1, 2026, a host of income tax changes will come into effect under the new Income Tax Act, 2025. Among these, the introduction of Form 121 stands out as a key reform for senior citizens, ...