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 ...

The government has introduced a form called Form 121 to make it easier for people to follow the tax rules. Form 121 is a replacement for the Forms 15G and 15H. This change is good for individuals and ...

Learn about Form 121 in EPFO, the unified tax declaration replacing Forms 15G and 15H from April 1, 2026. Understand how to claim tax-free EPF withdrawals. Form 121 is a unified tax declaration form ...

The new Income-Tax Act (ITA) 2025, which came into force from last month (1 April), replaced the original Tax Deducted at Source aka TDS forms — Form 15G and 15H — with a single Form 121. Overall, the ...

The story so far: With effect from April 1, 2026, the Income Tax Act, 2025 replaces the six-decade-old Income Tax Act, 1961. The objective is to enhance predictability, transparency, reduce compliance ...

Tax Deducted at Source (TDS) on interest income can reduce the amount credited to your bank account even when your total income in a financial year is not taxable. To prevent unnecessary TDS ...