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

Old 15G and 15H → a single new Form 121.
The declaration is now a single form covering both categories of declarant.

📘 Where this is written in the Act: Form 121 is governed under Section 393 of the Income-tax Act, 2025.

📖 Read Section 393 explained 🔎 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.

Need help with Form 121?

Our CA-led team handles it end-to-end — Declaration for receipt of certain incomes without deduction of tax.

✅ File an appeal — CIT(A)/ITAT →💬 Ask our CA

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.

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

What is Form 121?

What changed

Transitional rule — which form applies?

Frequently asked questions

Related forms in this category