The Economic Times

Form 121 replaces Form 15G, 15H for TDS filing: Check who should file, purpose and key details explained

Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare income below taxable limits. Eligible taxpayers can now use this single form to avoid tax deduction at source on interest income. The revised form offers enhanced user experience with features like auto-population and real-time validations.