The Economic Times

Big tax relief under new regime: Turning 60 this year? Claim full senior citizen benefits using Form 121; Check how to avail and key details here

People turning 60 at any point during the financial year can now claim senior citizen benefits for the full year while filing the new Form 121 to avoid TDS on interest and other incomes. Income tax experts in Gujarat advise filing early in April to prevent unnecessary deductions from the start.