Small Savings Schemes Interest Rates for April-June 2026
The government of India today announced that the interest rates on small savings schemes, including PPF, SSY, NSC, and post office deposits, will remain unchanged for the First Quarter of FY 2026-27 (from April 1, 2026 to June 30, 2026), according to a Finance ministry notification. The rate of Interest chart: Scheme Interest rate for…
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Form 130: The New TDS Certificate You Must Know
Starting April 1, 2026, India introduces a significant change in its tax documentation system: Form 130 will replace the current Form 16 as the mandatory annual certificate for Tax Deducted at Source (TDS). This update comes under the framework of the new Income Tax Act, 2025, and aims to simplify and modernize tax reporting for…
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ITR Forms Renumbered: Key Changes for FY 2026-27
🚀 New Numbers, Smarter Filing & Easier Compliance The income tax landscape is set for a major refresh in FY 2026–27 (AY 2027–28) under the Income Tax Act, 2025, effective April 1, 2026. With a strong focus on simplification, digitization, and user convenience, the government has introduced renumbered forms, redesigned ITRs, and improved compliance mechanisms.…
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Goodbye 15G & 15H: Now Form 121 for TDS Declarations
From April 1, 2026, the Government of India has introduced Form 121, replacing the existing Form 15G and Form 15H for TDS declarations. This change is part of the updated Income Tax rules aimed at simplifying the process for taxpayers who want to avoid Tax Deducted at Source (TDS) on eligible income such as bank…
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Now banks offer UPI based withdrawal in ATMs
India’s ATMs are evolving rapidly to ensure uninterrupted service amid power challenges. Combining Uninterrupted Power Supply (UPS) technology with NPCI’s Interoperable Cardless Cash Withdrawal (ICCW)—UPI-based ATM withdrawals—banks now offer cardless cash access even during blackouts. Launched in 2020 and scaled by 2025, ICCW lets users withdraw via apps like Google Pay, PhonePe, Paytm, or BHIM,…
Forms 15G & 15H: Key Changes for FY 2025–26
With the revised income tax slabs and new regime thresholds applicable for FY 2025–26, Forms 15G and 15H have been updated to align with India’s evolving tax framework. These changes aim to simplify compliance, enhance digitization, and ensure that eligible individuals and HUFs can avoid unnecessary TDS on interest and dividend income—provided their total taxable…
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