Form 15H has been replaced by Form 121 under Income-tax Rules 2026.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

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

The Union Budget 2026 has introduced a procedural reform that could significantly ease tax compliance for senior citizens who earn interest income from bonds, debentures and other securities held in ...

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

I am a 62-year-old retired professional. I submitted Form 15H to my bank, but TDS was still deducted on my interest income. What should I do now? Also, when is the best time to submit Form 15H to ...

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 ...

Did our AI summary help? Union Budget 2026: In a move aimed at simplifying tax compliance for retail investors, Finance Minister Nirmala Sitharaman in her Budget 2026 speech proposed enabling ...