If you invest in certain instruments like bank fixed deposit, recurring deposit and corporate deposit, the interest you earn is taxed. Banks and post offices will deduct TDS (Tax deducted at source) ...
The new Income-Tax Act 2025 replaced the original Tax Deducted at Source forms — Form 15G and 15H — with a single Form 121, ...
SBI, the country’s largest bank, has eased rules for submission of Form 15G and Form 15H by its account holders. SBI in a communication through Twitter said account holders can submit Form 15G and ...
On 31 May, the Reserve Bank of India (RBI) issued a notice stating that banks should give a receipt of acknowledgement to customers when they submit Form 15G/15H while making a fixed deposit (FD).
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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 ...
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