Form 121 Income Tax - Summary
Form 121 Income Tax PDF is the unified self-declaration form issued by the Central Board of Direct Taxes (CBDT), Income Tax Department, to claim zero TDS on interest, dividend, and other specified payments. It replaces the separate Form 15G for individuals below 60 years and HUFs, and Form 15H for senior citizens into a single declaration. Resident individuals of all age groups, senior citizens, and HUFs can submit this form to banks or financial institutions if their estimated total taxable income for the financial year stays below the basic exemption limit and their net tax liability is zero.
This 3-page English PDF includes Part A for the declarant and Part B for the deductor. In Part A, applicants fill their PAN, contact details, date of birth, and estimated income from fixed deposits, recurring deposits, or dividends. Part B is filled and signed by the bank or post office officer to confirm receipt and assign a Unique Identification Number (UIN). Taxpayers can submit Form 121 in April at the start of each financial year through net banking or by submitting printed copies at the bank branch, with e-filing details available on incometax.gov.in.
