EPFO has introduced Form 121 to replace Forms 15G and 15H from April 1, 2026 under the new Income Tax Act, 2025. Here’s how the new TDS exemption rule works, who can use it, and what PF members must ...

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 ...

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

The Employees’ Provident Fund Organisation has rolled out Form 121 from April 1, 2026, replacing Forms 15G and 15H for eligible resident individuals seeking TDS exemption on PF withdrawals above ...

Consequences of non-filing: There is no statutory penalty merely for not filing Form 121. However, non-submission may lead to ...

EPFO rolls out Form 121, plans E-PRAAPTI portal for old PF accounts, and considers pension hike under EPS-95. Here’s what ...

The Employees' Provident Fund Organisation (EPFO) has implemented significant changes including the introduction of Form 121 and plans for a new portal to trace old PF accounts.

Court's order means the social security body must independently verify retirement claims using all available evidence rather than penalising workers for their firms' administrative failures ...

Did our AI summary help? The Employees’ Provident Fund Organisation has simplified one of the most confusing parts of the EPF system: withdrawals. What earlier sat across 13 separate categories has ...

In accordance with the EPFO's 'Illness Advance' plan, members can withdraw an advance amount up to six months of their basic ...

In a big relief for lakhs of EPFO subscribers, the Ministry of Labour and Employment is planning to initiate a clean-up drive to settle over 7.11 lakh inoperative EPF accounts and automatically refund ...