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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 ...
The Income-Tax (I-T) Department has launched its revamped and upgraded TDS Reconciliation Analysis and Correction Enabling System website i.e. TRACES portal aimed at providing single window access to ...
With the introduction of the Income-tax Act, 2025 and corresponding Income-tax Rules, 2026, revised TDS and TCS forms will come into effect from April 1. The changes include renumbering of forms to ...
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What is form 121 in EPFO?
Form 121 is a unified tax declaration form used by EPF members to claim exemption from TDS on withdrawals exceeding Rs 50,000 ...
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 ...
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