EPFO Launches Form 121: Simplifying EPF Withdrawals for All!

Starting April 1, the EPFO is rolling out Form 121, waving goodbye to the old Forms 15G and 15H! This all-in-one form makes it a breeze for everyone to dodge TDS on EPF withdrawals over Rs 50,000. Just keep your details in check, or that sneaky TDS might crash the party! No more age confusion—everyone's invited to the exemption fun!

Quick rundown

1.EPFO introduces unified Form 121 for tax exemptions.

2.Form 121 replaces Forms 15G and 15H, simplifying the process.

3.Accurate details are crucial to avoid TDS on EPF withdrawals.

4.Form 121 aligns with EPFO and tax databases for better verification.

5.Subscribers must file Form 121 annually to maintain TDS exemption.

Form 130 Replaces Form 16 in FY27 Filing Shift
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