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 ...

The Employees’ Provident Fund Organisation (EPFO) has replaced Forms 15G and 15H with a single Form 121, effective April 1, 2026, under the new Income-tax Act, 2025.

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

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 ...

EPF TDS exemption moves to Form 121, allowing simpler filing process but with stricter data checks and verification norms ...

Form 121 replaces Form 15H, which is filed by senior citizens, as well as Form 15G, which is filed by individuals below the age of 60. Here's a detailed explanation of the changes and key mistakes to ...

From April 1, 2026, India’s income tax system gets a major reset with new forms under the Income-tax Rules, 2026. Form 121 replaces Forms 15G and 15H, creating a single declaration to avoid TDS for ...

A major overhaul is on the way for EPF-related tax procedures, making things simpler and more streamlined for millions of salaried individuals. Under the newly introduced Income Tax Act 2025, the ...

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, ...

The government has overhauled the tax deducted at source (TDS) declaration framework by introducing Form 121, which replaces ...