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Mon, 04 May 2026 17:12:34 +0000

Form No. 121 (Earlier Form Nos. 15G & 15H) Form No. 121 Frequently Asked Questions Form of Declaration under section 393(6) of the Income-tax Act, 2025 for receipt of certain incomes without. Form 121 is the new TDS declaration form under the Income Tax Act, 2025 that replaces Form 15G and Form 15H from . Know who can file, eligibility conditions, and how to submit Form 121 Taxpayers who usually submit Form 15G or Form 15H to avoid tax deduction on interest income will now need to use a new combined form called Form 121. EPFO has introduced Form 121 to replace Forms 15G and 15H from under the new Income Tax Act, 2025. Heres how the new TDS exemption rule works, who can use it, and.