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TDS · PROBLEMS AND REFUNDS

Form 15G, Form 15H and the New Form 121: Who Can Submit Them?

Check residence, age, income and nil-tax conditions before asking a bank not to deduct TDS.

By Vyapar Setu Online | Problems and refunds · 27 October 2026

An Indian couple comparing household savings and tax records

TDS learning series · Problems and refunds · Article 23 of 25

These declarations can prevent unnecessary TDS on eligible income. They do not make taxable income exempt, and they are not available merely because you would prefer to receive the full payment.

Current-year guide: Reviewed 27 October 2026 for Tax Year 2026–27 under the Income-tax Act, 2025 and Income-tax Rules, 2026. Familiar old section and form names are identified for comparison. Earlier-period obligations retain their applicable rules; read the dates and exceptions in this guide.

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For learning and preparation. Verify the rules and official guidance for your period and circumstances before making a filing or tax decision.

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