Form 121 Income Tax: New Single TDS Declaration for All Eligible Taxpayers 2026

Mitali | Last updated: 27 July 2026

Overview Effective 1st April 2026, the Income Tax Department has scrapped both 15G and 15H forms under the new Income Tax Act 2025 and replaced them with a single unified self-declaration Form 121. Transition from Form 15G 15H to Form 121 Form 15G 15H as per IT Rules, 1962 Form 121 as

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About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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