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

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 ...

Form 121 is a self-declaration that allows individuals to request that no TDS be deducted on certain types of income. This ...

In a major move to simplify tax compliance, the Income Tax Department has introduced a new declaration system starting April ...

The 2025 Act replaces multiple forms with simplified, category-specific formats. It streamlines compliance while retaining ...