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Form No. 121 (Earlier Form Nos. 15G & 15H) Form No. 121 Frequently Asked Questions Form of Declaration under section 393(6) of the Income-tax Act, 2025 for receipt of certain incomes without.
Form No. 121 (Earlier Form Nos. 15G & 15H) Form No. 121 Frequently Asked Questions Form of Declaration under section 393(6) of the Income-tax Act, 2025 for receipt of certain incomes without.
Form 121 is the new TDS declaration form under the Income Tax Act, 2025 that replaces Form 15G and Form 15H from . Know who can file, eligibility conditions, and how to submit Form 121
Taxpayers who usually submit Form 15G or Form 15H to avoid tax deduction on interest income will now need to use a new combined form called Form 121.
Understanding the Context
EPFO has introduced Form 121 to replace Forms 15G and 15H from under the new Income Tax Act, 2025. Heres how the new TDS exemption rule works, who can use it, and.
The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance while ensuring stricter reporting and digital tracking.
From , 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.
Taxpayers who earlier used Form 15G (below 60 years) and Form 15H (senior citizens) will now submit a single, unified Form 121. EPFO said the form is optional and meant for eligible.
Key Insights
Earlier, people had to choose between Form 15G (for non-senior citizens) or Form 15H (for senior citizens) which creates confusion based on age classification. Now, the age-based.
Looking for Form 15G or 15H for PF withdrawal? Learn how Form 121 replaces them, when it is required, EPF TDS rules, and how to avoid unnecessary PF tax deductions.
Form 15G and 15H are replaced from April 2026. Know who can use Form 121, income limits, how to fill it, and last date to submit.
