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

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 ...
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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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Income-tax returns: Form 121 replaces Form 15G, 15H — Who is eligible, where to download and how to avoid TDS, explained

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 ...
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Form 15G vs Form 15H explained: Who can submit these forms to avoid TDS on interest income?

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 ...