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 ...

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 ...

The Employees’ Provident Fund Organisation (EPFO) has introduced a new compliance framework following the rollout of the Income-tax Act, 2025, replacing the widely used Form 15G and Form 15H with a ...

As per the Income Tax Act, 1961, bank depositors had to submit Form 15G/Form 15H to the bank to avoid Tax Deducted at Source (TDS). Some depositors were confused about which of the two forms applied ...

Banking and tax-related processes have become much easier for crores of senior citizens and pensioners as the central government has implemented the new Income Tax Act, 2026, effective from Wednesday, ...

Until now, you may have used Form 15H to declare that your taxable income is below the exemption limit, ensuring that banks do not deduct TDS on your interest income. From April 2026, this process has ...

EPFO update: Form 121 replaces 15G and 15H - What EPF members must know about new TDS rules (AI-generated image) In a significant compliance change aligned with the new tax regime, the Employees ...

New Tax Rule From April 2026: Form 121 replaces Forms 15G and 15H from April 2026, allowing eligible taxpayers to avoid TDS through a single declaration. Filing it early for FY 2026–27 is key to ...

Rajeev Dhir is a writer with 10+ years of experience as a journalist with a background in broadcast, print, and digital newsrooms. Lea Uradu, J.D., is a Maryland state registered tax preparer, ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Marguerita is a Certified Financial Planner ...