15G and 15H Scrapped: Now One Form for All Eligible Taxpayers

Mitali , Last updated: 25 February 2026  
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Starting from 1st April 2026, the New Income Tax Rules abolish Forms 15G/15H entirely. Single Form 121 will replace both Form 15G and Form 15H. What is Form 121? Form 121 is a self-declaration form that individuals can submit to a deductor declaring that: Total estimated income for the tax year

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Mitali
(Finance Professional)
Category Income Tax   Report

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