Form 121 is a unified tax declaration form used by EPF members to claim exemption from TDS on withdrawals exceeding Rs 50,000 when their total service is less than five years. It replaced Forms 15G ...

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 ...

If you are planning to withdraw money from your PF (Provident Fund) account and your expected tax liability for the financial year is nil, then you can give a declaration under ‘Form 121’ under the ...

EPFO has recently made changes to streamline compliance and improve access for provident fund subscribers, including a new unified Form 121 effective from 1 April, and plans for a portal to link old ...

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 ...

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