The Employees' Provident Fund Organisation (EPFO) has introduced a new compliance mechanism under the Income Tax Act, 2025, replacing the long-standing Forms 15G and 15H with a single, consolidated ...

Vijay's TVK may win 98-120 seats in Tamil Nadu, predicts Axis My India Exit Poll NDA likely to secure 88-100 seats in Assam under Chief Minister Himanta Sarma Congress-led UDF projected to win 78-90 ...

Banking and tax-related processes have become much easier for crores of senior citizens and pensioners as the central government has implemented the new Income Tax Act, 2026, effective from Wednesday, ...

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 ...

Tax rules 2026: In a major shift in tax compliance rules, Form 15H, long used by senior citizens to avoid TDS, has now been discontinued. Starting April 1, 2026, it has been replaced by a new, unified ...

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 ...

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 ...

Starting April 1, 2026, senior citizens will see a key procedural shift in how they avoid Tax Deducted at Source (TDS) on their income. The long-used Form 15H will be discontinued and replaced by a ...

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 ...

The Union Budget 2026–27 did not introduce any changes to income tax rates, but announced several targeted measures to ease the compliance burden for individuals and small taxpayers, part of a broader ...