Budget 2026 has introduced a significant tax compliance reform aimed at easing the burden on senior citizens. In a move welcomed by elderly investors across the country, the government has announced ...

The Union Budget 2026 has introduced a procedural reform that could significantly ease tax compliance for senior citizens who earn interest income from bonds, debentures and other securities held in ...

I am a 62-year-old retired professional. I submitted Form 15H to my bank, but TDS was still deducted on my interest income. What should I do now? Also, when is the best time to submit Form 15H to ...

Banks deduct TDS when your interest income for a financial year crosses Rs 40,000. This interest income limit is Rs 50,000 for senior citizens under section 194A of the Income Tax Act. For tax ...

You can stop banks from deducting TDS on your fixed deposit interest—if your total income is below the taxable limit. Banks usually deduct 10% tax (TDS) if your FD interest is more than Rs 40,000 in a ...