Now Reading: EPFO replaces TDS exemption forms 15G, 15H with Form 121
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EPFO replaces TDS exemption forms 15G, 15H with Form 121
The Employees' Provident Fund Organisation (EPFO) has announced changes to rules for TDS exemption on PF withdrawals. From the 2026-27 tax year, eligible members must use Form 121 instead of the earlier Form 15G or Form 15H to request that no TDS be deducted on EPF withdrawals.
Form 15G was used by eligible individuals under 60 years, and Form 15H by senior citizens, both are now invalid for EPF withdrawals. Form 121 is available under the Income Tax Act, 2025, which came into effect on 1 April 2026. Non-resident Indians (NRIs) and those whose estimated income attracts tax cannot use this facility. A valid PAN is mandatory, and EPFO has instructed regional offices to issue a unique identification number for Form 121 and enable online submission and e-signing.
Indian Opinion Analysis
Form 121 is a procedural replacement, not a tax waiver, it only allows a claim that no TDS be deducted, provided the member's estimated total income for the year is below the taxable threshold. The change affects millions of PF members who withdraw annually, and those submitting old forms risk losing the exemption. EPFO has not yet specified a transition period or whether older forms already submitted will be honoured, leaving some uncertainty for members planning withdrawals. The next step is for EPFO to roll out the online Form 121 system and confirm processing timelines.
Source: tv9hindi.com
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