Form 121 Replaces 15G and 15H: India's New No-TDS Form

Form 121 replaces both Form 15G and 15H from Tax Year 2026-27, one form for all ages

You can file it only if your estimated total tax for the year is genuinely nil

PAN is compulsory; submit without one and the bank cuts TDS at 20%

Give a separate Form 121 to every bank, company deposit, mutual fund and post office

It stops upfront deduction, not the tax; if TDS is already cut, claim it back in your ITR

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