The Employees' Provident Fund Organisation has issued Circular vide No. WSU/TDS Issues/E-772040/2026-27/11 regarding the implementation of the New IT Act, 2025, introducing Consolidated Form 121 in place of Forms 15G and 15H for TDS-exempted incomes. This transition aims to simplify the declaration process, enhance compliance efficiency, and streamline tax reporting mechanisms. Members and employers are advised to familiarize themselves with the new form requirements and ensure timely adherence to the updated TDS exemption procedures.
EPFO Circular on Form 121 Implementation Replacing 15G/15H for TDS Exemption
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