Form 121 is a unified tax declaration form used by EPF members to claim exemption from TDS on withdrawals exceeding Rs 50,000 ...

Under the new framework, Form 121 serves as a unified self-declaration for individuals seeking exemption from tax deducted at ...

EPFO has introduced Form 121 to replace Forms 15G and 15H from April 1, 2026 under the new Income Tax Act, 2025. Here’s how the new TDS exemption rule works, who can use it, and what PF members must ...

The new Income-Tax Act 2025 replaced the original Tax Deducted at Source forms — Form 15G and 15H — with a single Form 121, ...

For senior citizens, this marks a key change. Earlier, Form 15H allowed those aged 60+ to declare nil tax liability and avoid ...

Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare income below taxable limits. Eligible taxpayers can now use ...

Form 121 is a declaration by a taxpayer to the effect that tax on his estimated total income for the tax year will be Nil, with a view to avoiding the deduction of tax at source. If your income falls ...

As per the Income Tax Act, 1961, bank depositors had to submit Form 15G/Form 15H to the bank to avoid Tax Deducted at Source (TDS). Some depositors were confused about which of the two forms applied ...

EPFO rolls out Form 121, plans E-PRAAPTI portal for old PF accounts, and considers pension hike under EPS-95. Here’s what ...

New Tax Rule From April 2026: Form 121 replaces Forms 15G and 15H from April 2026, allowing eligible taxpayers to avoid TDS through a single declaration. Filing it early for FY 2026–27 is key to ...

Banking and tax-related processes have become much easier for crores of senior citizens and pensioners as the central government has implemented the new Income Tax Act, 2026, effective from Wednesday, ...

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 individuals with ...