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 Starting April 1, 2026, it has been replaced by a new, unified ...

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 ...

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 ...

For years, EPF subscribers have been used to filing Forms 15G and 15H. That process has now changed. A single new form has replaced both, making PF rules simpler, but what does it mean for you?

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 ...

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 121 is a declaration by a taxpayer to the effect that tax on his estimated total income for the tax year will be Nil, with a view to avoiding the deduction of tax at source. If your income falls ...

State Bank of India (SBI), in a communication through Twitter said account holders can submit Form 15G and Form 15H online using internet banking facility. The Central Board of Direct Taxes (CBDT) has ...

Interest earned on savings schemes such as the Provident Fund, the National Service Scheme, the Post Office Savings Schemes is fully taxable. The tax on the interest earned is deducted at source (TDS) ...

If you invest in certain instruments like bank fixed deposit, recurring deposit and corporate deposit, the interest you earn is taxed. Banks and post offices will deduct TDS (Tax deducted at source) ...