Form 146 Filing Services protecting senior citizens' interest income from TDS.
Accurate Form 146 declaration under the new Income Tax Code 2026 for senior citizens aged 60 and above — preventing TDS on FD interest, recurring deposit income, and other specified income where total income is within the senior citizen exemption threshold, with annual renewal and TDS refund support.
For most senior citizens, fixed deposit interest is not a luxury — it is a primary source of livelihood. When banks deduct TDS on that interest, the cash flow disruption is immediate and tangible. Form 146, the new Income Tax Code 2026 successor to Form 15H, is the legal mechanism that prevents this deduction — allowing senior citizens to receive their full interest income without waiting months for a refund through their annual income tax return.
Form 146 carries a significant advantage over Form 145 — it can be submitted even when the interest income alone exceeds the basic exemption limit, as long as the total estimated income for the year (pension + interest + rental income + all other sources) does not exceed the applicable senior citizen threshold of ₹3 lakh (for ages 60–79) or ₹5 lakh (for super senior citizens aged 80 and above). This makes Form 146 particularly powerful for senior citizens with large FD portfolios whose interest income is their dominant but not their only income source.
At NDS Advisors, we handle Form 146 submissions for senior citizens across all their bank and NBFC accounts — verifying total income eligibility before every declaration, submitting fresh forms at the start of each tax year, and ensuring no account is missed. We also handle TDS refund claims for those who missed the submission window and have already had TDS deducted — recovering every rupee to which the senior citizen is entitled.
Our Form 146 Services
Senior Citizen Income Eligibility Check
Complete income review — pension, interest, rental income, and all other sources — to confirm total estimated income falls within the ₹3 lakh or ₹5 lakh senior citizen threshold before any Form 146 is submitted.
Form 146 Preparation & Submission
Accurate Form 146 prepared in the new Code 2026 format and submitted to each bank, NBFC, post office, or financial institution where TDS-liable interest income is expected.
Multi-Bank Declaration Coverage
Separate Form 146 submitted to every institution — covering all FD accounts, recurring deposits, savings accounts, and post office deposits — at the start of every tax year.
TDS Refund for Missed Submissions
Where TDS has been deducted on interest despite eligibility, we file the ITR-based refund claim and track refund processing — recovering the excess TDS for the senior citizen.
Pension & Interest Income Review
Annual review of pension income, FD maturity schedule, and other income to correctly estimate total income — ensuring the Form 146 declaration remains accurate and within the eligible threshold.
Annual Renewal & ITR Coordination
Fresh Form 146 submissions at the start of every tax year coordinated with the senior citizen's annual ITR filing — providing seamless, end-to-end income tax compliance in one engagement.
Form 146 Submission Process
Age & Income Verification
Age confirmed (60 or above), total income estimated across all sources — confirming eligibility for the ₹3 lakh or ₹5 lakh threshold before any declaration is prepared.
Account Identification
All accounts with TDS-liable interest income identified — every bank, NBFC, post office, and financial institution where FDs or deposits are held.
Form 146 Preparation
Form 146 prepared with accurate income estimates, PAN, date of birth, and declaration details — in the new Code 2026 prescribed format.
Submission to Each Institution
Form 146 submitted to every bank and institution — online or physically as required — before the first TDS deduction of the tax year.
Annual Renewal
Fresh Form 146 at the start of each new tax year — with income re-verification and FD maturity tracking to confirm continued eligibility.
Why Senior Citizens Choose NDS Advisors for Form 146
Frequently Asked Questions
Form 146 is the self-declaration form under the new Income Tax Code 2026 for senior citizens aged 60 and above — corresponding to the old Form 15H. It is submitted to banks, NBFCs, and financial institutions declaring that the senior citizen's estimated total income will not exceed the applicable threshold, and requesting that TDS not be deducted on FD interest and other specified income.
Only resident individuals aged 60 years or above can submit Form 146. The income threshold is ₹3 lakh for ages 60–79 and ₹5 lakh for super senior citizens aged 80 and above. The estimated total income for the year must genuinely fall within this threshold — including pension, interest, rental income, and all other sources.
Form 146 can be submitted even when the interest income alone exceeds the basic exemption limit — provided total income does not exceed the senior citizen threshold. This is particularly valuable for senior citizens with large FD portfolios whose interest is their primary income, as they can prevent TDS even when the interest by itself crosses ₹2.5 lakh.
Form 146 covers interest from FDs, recurring deposits, and savings accounts; interest on securities; mutual fund and UTI unit income; insurance commission; post office deposit interest; and other specified income. Separate Form 146 must be submitted to each institution — a single declaration to one bank does not cover other banks.
Form 146 must be submitted afresh to each payer at the start of every tax year. It is valid only for the year of submission. If a senior citizen's estimated income in any year exceeds the applicable threshold, Form 146 must not be submitted — TDS will apply normally. We provide annual renewal with income re-verification included.
Form 146 requires name, PAN, date of birth confirming age (60 or above), estimated total income for the tax year, previous year's assessed income, specific income on which TDS exemption is sought, and the payer's name and address. Age proof (Aadhaar or PAN card) may be required by the institution. We prepare and submit the complete Form 146 accurately.
Yes — provided the total of pension and interest income does not exceed the ₹3 lakh or ₹5 lakh threshold. The Form 146 declaration must account for all income sources. We compute the total income estimate including pension, interest, rental income, and other sources before advising on eligibility.
Excess TDS deducted on legitimately exempt interest income can be claimed as a full refund when filing the income tax return. The TDS credit appears in Form 26AS and AIS, and the refund is processed after ITR filing. We handle both the ITR filing and the complete refund claim for senior citizen clients.
Full Interest Income, No TDS Deducted
Form 146 submitted across every account — our CA team ensures senior citizens receive their complete FD interest without disruption, every tax year under the new Income Tax Code 2026.
Submit Form 146 Now or call +91 9819 000 511