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 ...
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The erstwhile Forms 15G and 15H have been replaced by a new, comprehensive four-page TDS declaration form 121. You cannot ...
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New Form 121 replaces 15G, 15H for TDS exemption
India’s Income-Tax Act 2025 has replaced Forms 15G and 15H with a unified Form 121 from April 1, 2026, for TDS exemption declarations. The single form removes age-based distinctions, supports digital ...
Senior citizens who are earning income below the basic exemption limit will no longer use Form 15H to avoid tax deducted at source (TDS). Under the Income-tax Rules 2026, this form has been replaced ...
As the new financial year begins, fixed deposit (FD) investors should prioritise an important compliance step — submitting a declaration to avoid unnecessary Tax Deducted at Source (TDS) on interest ...
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