Transition from Form 15G/15H to Form 121 – Know key changes in the new IT Act 2025: EPFO web circulation dated 13.04.2026
For E-Office and Web Circulation
कर्मचारी भविष्य निधि संगठन
Employees Provident Fund Organisation
(श्रम एवं रोजगार मंत्रालय, भारत सरकार)
(MINISTRY OF LABOUR & EMPLOYMENT GOVERNMENT OF INDIA)
मुख्य कार्यालय/Head Office
प्लेट ए, ग्राउंडफ्लोर, ब्लॉक-II, ईस्ट किदवई नगर, नई दिल्ली-110023
Plate A, Grourd Floor, Block-II, East Kidwai Nagar, New Delhi-110023
Website: www.epfindia.gov.in. www.epfindia.nic.in
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 Under the new regulatory framework, the erstwhile Form 15G and Form 15H have been replaced by a single, consolidated written declaration in Form 121.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/quest/fn-121), FAQs (2 pages) 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
COMMENTS