EPFO News: Following the implementation of the Income Tax Act, 2025, several changes have been introduced to tax-related regulations. The common man needs to be aware of all these changes. For ...

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 ...

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 ...

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 ...

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

Starting April 1, the Employees’ Provident Fund Organisation replaced two separate forms with a single Form 121. This new ...

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

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

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 ...