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Form 121 replaces 15G, 15H to simplify TDS exemption
Form 121 has replaced age-based Forms 15G and 15H as a single declaration for eligible resident individuals and HUFs to avoid TDS on specified incomes. The change, under the Income-tax Act 2025, ...
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Income tax update: Form 121 replaces Form 15G and 15H – details on TDS exemption rules for senior citizens
The government has introduced a form called Form 121 to make it easier for people to follow the tax rules. Form 121 is a replacement for the Forms 15G and 15H. This change is good for individuals and ...
Tax rules 2026: In a major shift in tax compliance rules, Form 15H, long used by senior citizens to avoid TDS, has now been discontinued. Starting April 1, 2026, it has been replaced by a new, unified ...
Learn about Form 121 in EPFO, the unified tax declaration replacing Forms 15G and 15H from April 1, 2026. Understand how to claim tax-free EPF withdrawals. Form 121 is a unified tax declaration form ...
The new Income-Tax Act (ITA) 2025, which came into force from last month (1 April), replaced the original Tax Deducted at Source aka TDS forms — Form 15G and 15H — with a single Form 121. Overall, the ...
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