Quick Summary
The Department of Posts has officially implemented the Income Tax Rules, 2026, bringing significant changes to how financial transactions are handled at post offices across India. The new framework, effective from April 1, 2026, introduces stricter reporting norms, mandatory PAN requirements and revamped declaration forms. The move follows a notification issued by the Central Board of Direct Taxes (CBDT), aiming to align postal financial operations with the newly introduced Income-tax Act, 2025
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FAQ :
The new Income Tax Rules, 2026, are effective from April 1, 2026.
A PAN card is now mandatory for specified high-value transactions, including deposits, withdrawals, account opening, and time deposit investments.
If you do not have a PAN, you must submit Form No. 97, along with your identity and transaction details.
Forms 15G and 15H have been merged into a single unified Form No. 121, which is used to declare non-deduction of TDS on eligible incomes.
The 26-character UIN is assigned to each Form 121 declaration to ensure tracking and transparency, and it is mandatory for quarterly TDS reporting.
Yes, strict reporting deadlines have been introduced: declarations received by September 30 must be reported by October 31, and those received by March 31 must be reported by April 30 of the following financial year.
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