Forms › Appellate Tribunals & High Courts › Form 121

Form 121 — Declaration for receipt of certain incomes without deduction of tax

✓ Corroborated with CBDT / incometax.gov.in N · Appellate Tribunals & High Courts
Replaces old Form 15G / 15H. Under the Income-tax Act, 2025, this compliance now uses Form 121.
New form numberForm 121
Old form number15G / 15H
Act 2025 reference393(6)
CategoryN · Appellate Tribunals & High Courts
Applies fromTax Year 2026-27 (from 1 April 2026)

What is Form 121?

Form 121 replaces both 15G and 15H. It is the self-declaration you give (typically to a bank) to receive certain incomes such as interest without TDS, when your total income is below the taxable limit.

What changed

📘 Where this is written in the Act: Form 121 is governed under Section 393 of the Income-tax Act, 2025.
🔎 Verify in the official Act (PDF)

Transitional rule — which form applies?

⚠️ Which form applies depends on the tax year the compliance relates to, not the calendar date you file. Proceedings for tax years beginning before 1 April 2026 (assessments, appeals, TDS for transactions up to 31 March 2026, and Section 89 relief for those years) continue on the old forms.

Frequently asked questions

What is the new form for Form 15G / 15H?

Under the Income-tax Act, 2025, old Form 15G / 15H is replaced by Form 121 — Declaration for receipt of certain incomes without deduction of tax. It applies to Tax Year 2026-27 onwards.

From when does Form 121 apply?

It applies to Tax Year 2026-27 (AY 2026-27) onwards, i.e. from 1 April 2026. Compliance relating to earlier tax years continues on the old forms.

Related forms in this category

Form 115 (was 36)
Form of appeal to the Appellate Tribunal (ITAT)
Form 116 (was 36A)
Memorandum of cross-objections to the Appellate Tribunal
Form 117 (was 8)
Declaration regarding identical question of law pending
Form 118 (was 8A)
High Court / ITAT form
Form 119 (was 34BC)
Application to the Dispute Resolution Committee
Form 120 (was 34C / 34E)
Application for obtaining an advance ruling
Not sure which form applies to your case?

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This directory is compiled from official CBDT / incometax.gov.in sources and reputable references, and is being reconciled against the Gazette-notified Income-tax Rules, 2026 (Appendix III). Forms marked “compiled” are pending that final cross-check. This is general information, not tax advice.