Form 121 is a unified tax declaration form used by EPF members to claim exemption from TDS on withdrawals exceeding Rs 50,000 when their total service is less than five years. It replaced Forms 15G ...

The declarant, who is a resident, must ensure that their expected final tax liability for the year is NIL and duly fill all the rows in Part A of the Form No.121 and sign it.

EPFO update: Form 121 replaces 15G and 15H - What EPF members must know about new TDS rules (AI-generated image) In a significant compliance change aligned with the new tax regime, the Employees ...

EPFO has recently made changes to streamline compliance and improve access for provident fund subscribers, including a new unified Form 121 effective from 1 April, and plans for a portal to link old ...

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 ...

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

Starting April 1, the Employees’ Provident Fund Organisation replaced two separate forms with a single Form 121. This new rule goes with the Income Tax Act, 2025. It is meant to make the tax process ...