News
Form 15 H scrapped: What senior citizens must know about new Form 121 for TDS relief - Business Today
1+ week, 7+ hour ago (590+ words) Tax rules 2026: In a major shift in tax compliance rules, Form 15 H, long used by senior citizens to avoid TDS, has now been discontinued. Starting April 1, 2026, it has been replaced by a new, unified declaration'Form 121'under the Income-tax Rules 2026. The…...
Form 15 H replaced by Form 121: What changes for senior citizens from April 1, 2026 - Business Today
1+ week, 2+ day ago (564+ words) Starting April 1, 2026, senior citizens will see a key procedural shift in how they avoid Tax Deducted at Source (TDS) on their income. The long-used Form 15 H will be discontinued and replaced by a new, unified declaration -- Form 121 -- under the Income-tax…...
Budget 2026 explainer: How the new Form 15 H rule simplifies tax filing for senior citizens - Business Today
2+ mon, 1+ week ago (569+ words) The move is aimed at simplifying compliance for elderly investors who often hold interest-bearing securities across multiple companies. By centralising the acceptance and transmission of Form 15 H, the government hopes to reduce paperwork, minimise errors and lower the risk of…...
'Deep disregard for state's interests': Karnataka CM under fire for skipping German Chancellor's visit - Business Today
2+ mon, 3+ week ago (299+ words) In a strongly worded post on X, Ashoka said that any other responsible Chief Minister would have personally ensured that "such a visit was accorded the seriousness it deserved - as an opportunity for investment, industry, employment and long-term growth for…...
Rs 9, 000 savings on insurance may go: Seniors, middle class likely to benefit as GST Council mulls tax cut - Business Today
8+ mon, 2+ week ago (266+ words) Senior citizens paying Rs 50, 000 annually for health insurance currently shell out an additional Rs 9, 000 solely in Goods and Services Tax (GST), thanks to the steep 18% rate on insurance premiums. That burden may finally ease. The upcoming GST Council meeting is…...
Retirement win: Banks offer senior citizens above 8% fixed deposit rates despite rate cuts - Business Today
10+ mon, 3+ week ago (316+ words) Senior citizens in India continue to benefit from high fixed deposit rates, with many banks offering rates around 8. 25% despite recent reductions by the Reserve Bank of India. New TDS regulations also provide tax relief. Retirement win: Banks offer senior citizens…...
HDFC Bank reduces FD interest rates by 50 bps across following RBI repo rate cut - HDFC Bank reduces FD interest rates by 50 bps across following RBI repo rate cut Business Today
11+ mon, 3+ week ago (440+ words) The adjustments reflect HDFC Bank's strategic response to broader economic conditions and market dynamics. For fixed deposits held for 21 months to two years, the rate has now decreased to 6. 70% from. .. HDFC Bank has announced a reduction in its fixed deposit…...