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 ...
Many notices are triggered because income is missed. A careful approach can help you save tax. Plan your income tax at the start of the financial year using common deductions wisely Report all income ...
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New Form 121 replaces 15G, 15H for TDS exemption
India’s Income-Tax Act 2025 has replaced Forms 15G and 15H with a unified Form 121 from April 1, 2026, for TDS exemption declarations. The single form removes age-based distinctions, supports digital ...
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