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

Mitali , Last updated: 10 June 2026 Share Follow on Google News

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. What is Form 121? Form 121 is a self-declaration form submitted by eligible taxpayers to a payer un

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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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