The Employees’ Provident Fund Organisation (EPFO) has replaced Forms 15G and 15H with a single Form 121, effective April 1, ...

Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare income below taxable limits. Eligible taxpayers can now use ...

The Income-tax Rules 2026 have introduced a significant update in how taxpayers, especially senior citizens, claim exemption from Tax Deducted at Source (TDS). Form 15H, which was traditionally used ...

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 ...

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 ...

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 Starting April 1, 2026, it has been replaced by a new, unified ...

Form 121 is a self-declaration that allows individuals to request that no TDS be deducted on certain types of income. This usually includes interest earned from bank deposits, post office schemes, or ...

The Income Tax Act, 2025 replaces the 1961 law with fewer sections and forms, introduces a single Form 121 for TDS declarations, expands Form 26AS into a wider financial statement, and lowers TCS on ...

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 ...

Form 15H for senior citizens and Form 15G for others have been replaced by a single Form 121 starting Apr. 1 Photo Source: NDTV Profit/Canva AI The new financial year brings a key change in TDS (Tax ...

Starting April 1, 2026, senior citizens will see a key procedural shift in how they avoid Tax Deducted at Source (TDS) on their income. The long-used Form 15H will be discontinued and replaced by a ...