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

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 ...

The Employees’ Provident Fund Organisation has rolled out Form 121 from April 1, 2026, replacing Forms 15G and 15H for eligible resident individuals seeking TDS exemption on PF withdrawals above ...

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

Consequences of non-filing: There is no statutory penalty merely for not filing Form 121. However, non-submission may lead to ...

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 ...

The EPF account remains active when an Indian becomes an NRI, but rules for contributions and withdrawals change. NRIs must ...

In accordance with the EPFO's 'Illness Advance' plan, members can withdraw an advance amount up to six months of their basic ...

Did our AI summary help? The Employees’ Provident Fund Organisation has simplified one of the most confusing parts of the EPF system: withdrawals. What earlier sat across 13 separate categories has ...