Finance
Sock JohnsonEPFO Drops the Mic with Form 121: TDS Confusion Gone!
Listen up, folks! Starting April 1, the EPFO is kicking Forms 15G and 15H to the curb and strutting in with the all-new Form 121! This champ simplifies your EPF withdrawals, making tax exemptions a walk in the park. But don’t drop the ball on your details, or TDS will come looking for you! Get your KYC locked and loaded, and let’s make those withdrawals happen!
few days ago | Amit Kumar
Quick rundown
1.EPFO introduces unified Form 121 for tax exemptions.
2.Form 121 replaces Forms 15G and 15H, simplifying the process.
3.Accurate details are crucial to avoid TDS on EPF withdrawals.
4.Form 121 aligns with EPFO and tax databases for better verification.
5.Subscribers must file Form 121 annually to maintain TDS exemption.
