The Employees’ Provident Fund Organisation (EPFO) has replaced Forms 15G and 15H with a single Form 121, effective April 1, ...

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 ...

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 ...

New Income Tax Forms 2026: From April 1, 2026, India’s income tax system gets a major reset with new forms under the Income-tax Rules, 2026. Form 121 replaces Forms 15G and 15H, creating a single ...

As the new financial year begins, fixed deposit (FD) investors should prioritise an important compliance step — submitting a declaration to avoid unnecessary Tax Deducted at Source (TDS) on interest ...

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 ...

From April 1, 2026, a host of income tax changes will come into effect under the new Income Tax Act, 2025. Among these, the introduction of Form 121 stands out as a key reform for senior citizens, ...

The Income Tax Act, 2025 replaces the 1961 law with fewer sections and forms, introduces a single Form 121 for TDS declarations, expands Form 26AS into a wider financial statement, and lowers TCS on ...

Did our AI summary help? The Income Tax Department has introduced major changes to income-tax form numbering under the Income Tax Rules, 2026, replacing several widely used forms that were previously ...

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, ...

Did our AI summary help? Managing money is not just about earning more. It is about doing the right thing at the right time. For various reasons, financial decisions are delayed, left for the last ...

A bowl of this, and voila – the world instantly feels right again,” writes Melbourne chef and restaurateur Jason Jones in his ...