EPFO update: Form 121 replaces 15G and 15H - What EPF members must know about new TDS rules (AI-generated image) In a significant compliance change aligned with the new tax regime, the Employees ...

EPFO News: Following the implementation of the Income Tax Act, 2025, several changes have been introduced to tax-related regulations. The common man needs to be aware of all these changes. For ...

The Employees’ Provident Fund Organisation (EPFO) has introduced a new compliance framework following the rollout of the Income-tax Act, 2025, replacing the widely used Form 15G and Form 15H with a ...

The Employees' Provident Fund Organisation (EPFO) has introduced a series of changes over the past few months. These updates, which coincided with the rollout of the Income Tax Act, 2025, are aimed at ...

EPFO replaced Forms 15G and 15H with a single Form 121 from April 1, 2026 Form 121 allows all resident taxpayers to avoid TDS on EPF withdrawals and interest Form 121 requires annual filing and ...

Withdrawing from your EPF before five years may incur TDS if the amount is over ₹50,000. Exemptions exist for those with nil tax liability who can submit Form 121. Details here.

The Income-tax Act, 2025 has introduced several structural and procedural changes in tax administration in India. One of the important changes is the introduction of Form 121, which replaces the ...

Under the new framework, Form 121 serves as a unified self-declaration for individuals seeking exemption from tax deducted at source (TDS). The Uttar Pradesh government has set up a three-member ...

EPF withdrawal before completing 5 years of service may attract TDS if the amount exceeds Rs 50,000. However, eligible taxpayers with nil tax liability can avoid deduction by submitting Form 121 ...

EPF withdrawal rules may impact the final amount employees receive in certain cases. Some taxpayers may also qualify for relief from TDS subject to prescribed conditions. Income limits, eligibility ...