One Form That Can Replace Senior Citizen ITR in 2026

Chaitra Seetharam , Last updated: 29 April 2026 Share Follow on Google News

From April 2026 tax season, under the new Income-tax Act, 2025, Form No. 125 replaces the old Form No. 12BBA.Form 125 acts like a "golden ticket" for eligible senior citizens. It lets them skip the headache of filing an ITR altogether. Just submit this declaration to your bank, and they will take ov

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About the Author

Chaitra Seetharam

Finance Professional

I write on Income Tax, TDS, ITR filing, banking rules, investment schemes, and financial law updates in India. My articles simplify complex tax provisions, compliance requirements, and policy changes to help taxpayers, professionals, senior citizens, and businesses stay informed and financially aware.

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