EPFO Directive on Shift to Form 121 for TDS-Exempted Incomes ( टीडीएस-मुक्त आय हेतु फॉर्म 121 में परिवर्तन पर ईपीएफओ का निर्देश”)
Employees Provident Fund
Organisation
MINISTRY OF LABOUR & EMPLOYMENT, GOVERNMENT OF INDIA
Head Office
Plate A Ground Floor Block II East Kidwai Nagar New Delhi-110025
No. WSU/TDS Issues/E-772040/2026-27/11
Date: 13/04/2026
To,
All Addl. CPFC (Zones),
All Regional P.F. Commissioners
In-charge of Regional Offices.
Subject: Implementation of the New IT Act, 2025 —
Transition from Form 15G/15H to Consolidated Form 121 for TDS-exempted
Incomes-reg.
Madam/Sir,
With the phasing out of the old Income-tax Act, 1961,
and the commencement of the Income-tax Act, 2025 effective from April 1, 2026,
significant changes have been introduced regarding the declaration of income
without deduction of tax. Under the new regulatory framework, the erstwhile
Form 15G and Form 15H have been replaced by a single, consolidated written declaration
in Form 121. The declarant, who is a resident, must ensure that their expected
final tax liability for the year is NIL and
duly fill all the rows in Part A of the Form No.121 and sign it. The details as
required in Part B of the Form No.121 has to be filled by the office ie. Payer.
However, filing of Form No.121 is not mandatory and is meant to be used only by
those taxpayers who do not want tax to be deducted at source.
The RO (as the payer) must
allot a Unique Identification Number (UIN) to every Form 121 received. This UIN
must include components such as a sequence number, the tax year, and the TAN of
the payer. The consolidated statement of all Forms 121 received in a month is
required to be uploaded on or before 7 of the following month through the
e-filing Portal of the IT Department and quote the UINs in the Quarterly TDS
Return in Form No.140.
ISD has been requested to provide a facility for the declarant
members to digitally e-sign and file the Form No.121 online. Till such time,
the physical signed forms of Form No.121 which were uploaded by the declarant
members in lieu of Form 15G/Form 15H can be used for preparing the consolidated
statement for uploading in the e-filing portal of IT Department monthly as well
as in the Quarterly TDS Return.
Similarly, the UIN for each Form No.121 is required generated
running-number-wise with effect from 01/04/2026 and later the running number
could be continued through the online functionality provided by the ISD.
Non-compliance with the
provisions of the new IT Act, including missing UINs or incorrect reporting,
may attract penalties under the relevant provisions of the said Act. All
Regional Offices are therefore requested to ensure these guidelines are
implemented without fail to avoid any regulatory discrepancies as stipulated in
the new IT Act.
In this regard, the comprehensive note on Form No.121 (5 pages)
as available in the website of Income Tax Department (https://www.incometaxindia.gov.in/documents/d/guest/fn-121),
FAQs (2pages) along with the proforma of Form No.121(3 pages) are enclosed
herewith for ready reference and compliance.
Accordingly, all Zonal
Offices/Regional Offices are advised to sensitize all eligible members to
upload the duly filled-in and signed Form 121 in lieu of Form 15G/15H. Further,
the claims already filed along with Form 15G/H from 01/04/2026 should not be
returned for this purpose, but Form 121 should be collected by taking up with
the said member.
Encl. As above
(This issues with the approval of CPFC)
Roli Shukla Malge
FA&CAO
कर्मचारी भविष्य निधि संगठन श्रम
एवं रोजगार मंत्रालय, भारत सरकार मुख्य कार्यालय प्लेट
ए, ग्राउंड फ्लोर,
ब्लॉक-II, ईस्ट किदवई
नगर, नई दिल्ली-110025
संख्या: WSU/TDS
Issues/E-772040/2026-27/11 दिनांक: 13/04/2026
प्रति, सभी अतिरिक्त
केंद्रीय भविष्य निधि आयुक्त
(क्षेत्र), सभी क्षेत्रीय
भविष्य निधि आयुक्त,
क्षेत्रीय कार्यालयों के प्रभारी।
विषय: आयकर अधिनियम, 2025 का क्रियान्वयन — टीडीएस-मुक्त आय हेतु फॉर्म 15जी/15एच से समेकित फॉर्म 121 में परिवर्तन संबंधी।
महोदय/महोदया,
निर्देश:
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