The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption ...
Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior ...
Until now, senior citizens relied on Form 15H to declare that their income was below the taxable limit and to prevent TDS on interest income. However, starting FY 2026-27, Form 121 will replace both ...
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