How to Submit Form 121 for Non‑Deduction of TDS ?

Form 121 can be submitted by investors to request non‑deduction of TDS on interest or dividend income, subject to applicable regulations. Investors have the option to submit Form 121 electronically through NSDL platforms, eliminating the need for physical submission.

Form No. 121 has been introduced as part of a broader effort to simplify tax compliance

and align forms with the new Income-tax Act, 2025. Earlier:

• Form 15G was used by individuals below 60 years & other persons such as HUF,

Trusts, etc.

• Form 15H was used by senior citizens (60 years or above)

The introduction of Form No. 121 merges both forms into a single unified declaration,

reducing duplication and confusion.

What is the structure of Form No. 121?

Form No. 121 consists of two main parts:

i) Part A—Declaration by the Taxpayer (Declarant)
• Contains personal details (name, PAN, address, etc.)

• Declaration of estimated total income

• Details of incomes for which TDS exemption is claimed

ii) Part B – Verification by the Payer (Deductor)

• Confirmation that the declaration has been received

• Verification of completeness and correctness

• Used for reporting and compliance purposes

This dual structure ensures accountability on both sides—the taxpayer declares, and the payer validates and reports.

How to submit form 121 online?

NSDL provides the facility to submit Form 121 through the following platforms:

1. NSDL Speed-e Mobile Application

2. IDEAS (Internet-based Demat Account Statement Service)

NSDL Speed-e mobile application, or IDEAS portal.
Navigate to services or e-services.
Navigate to the Form 121 submission section.
Enter the required details.
Submit the form electronically.

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