New Income Tax Forms 2026: Form 121 replaces 15G, 15H; full list, key changes explained

From April 1, 2026, India’s income tax system gets a major reset with new forms under the Income-tax Rules, 2026. Form 121 ...
Tax Guru

Income Tax Form 121 Replaces 15G & 15H: FAQs & Guidance Note

The new Form 121 merges earlier forms into a single declaration system for TDS exemption. It simplifies compliance while ...

TDS exemption for senior citizens explained: Form 121 replaces Form 15H — key updates and mistakes to avoid

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

Form 15H scrapped: What senior citizens must know about new Form 121 for TDS relief

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

Income Tax rules 2026: Form 121 simplifies TDS process for senior citizens

Until now, senior citizens relied on Form 15H to declare that their income was below the taxable limit and to prevent TDS on ...

New Income Tax Act 2025: Breaking down benefits for individuals

As per the Income Tax Act 2025, which comes into effect from April 1, 2026, Forms 15G and 15H merged into a single unified ...

First task for FD investors to save TDS in new financial year is filing form 15G/H; Check the annual income that makes you eligible

Fixed deposits are popular in India. However, Tax Deducted at Source on interest income reduces compounding growth. Forms 15G ...
moneycontrol.com

ITR filing: What are Forms 15G and 15H? Why should you download them?

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) ...