Form 121 for TDS exemption: Here’s what has changed for taxpayers – Full details
New Delhi: 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, April 1, 2026. Many changes have been introduced under the new act, with the most important for senior citizens being the introduction of Form 121. This new form will significantly reduce paperwork, as senior citizens had to fill out two different declaration forms so far. Form 15G and Form 15H replaced For a long time, the income tax system required filing different forms based on age. Ordinary citizens…