Until now, individuals below 60 years used Form 15G, while senior citizens relied on Form 15H to prevent TDS if their total ...
The new Form 121 merges earlier forms into a single declaration system for TDS exemption. It simplifies compliance while ...
For senior citizens, the replacement of Form 15H with Form 121 is a move toward uniformity and ease of compliance. While the ...
The 2025 Act replaces multiple forms with simplified, category-specific formats. It streamlines compliance while retaining ...
As per the Income Tax Act 2025, which comes into effect from April 1, 2026, Forms 15G and 15H merged into a single unified ...
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Form 121 replaces Form 15G & 15H from April 1, 2026; how to avoid TDS with new income tax rules
Before people who were than 60 years old used Form 15G and people who were 60 years old or more used Form 15H. Now Form 121 ...
From April 1, 2026, transactional forms such as tax deducted at source statements, remittances, Form 60, and Form 15G/15H would operate under the new simplified framework. Illustration: Dominic Xavier ...
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