Before people who were than 60 years old used Form 15G and people who were 60 years old or more used Form 15H. Now Form 121 ...

The new Form 121 merges earlier forms into a single declaration system for TDS exemption. It simplifies compliance while ...

From April 1, 2026, Form 121 will replace Form 15G and 15H, streamlining India's income tax declaration process.

If you are meant to receive an interest income from a bank and your total annual income is likely to stay lower than the minimum threshold that qualifies for tax liability then you must intimate the ...

Income Tax Saving on FD: Fixed Deposits (FDs) provide an investor guaranteed returns in the form of interest earned on deposits. One can also get tax exemption on deposits of up to Rs 1.50 lakh under ...

Income Tax Return: April is a great opportunity to proactively plan your tax strategy for the upcoming fiscal year. One effective way to do so is by utilizing Form 15G or 15H to avoid Tax Deducted at ...

Form 15H is a self-declaration for non-deduction of taxes at source which can be submitted by an eligible person to the payor of specified incomes. Specified incomes includes income from provident ...

Ideally, these forms should be submitted before the start of the financial year for which TDS is to be deducted or before the first income payment which is subject to TDS. (Image: Reuters) Question: ...

New Delhi: In a customer-friendly move, the Union Bank of India has made it easier for its customers to submit Form 15G & H annually online using the bank’s Union Virtual Connect WhatsApp channel ...

However, if an individual's total interest income is below the taxable limit, then they can submit Form 15G and 15H to the bank and request them not to deduct any TDS. Representative image. Source: ...