Income Tax 2025 - Forms - Frequently Asked Questions [FAQs]

  • What is Form 121?
  • Why was Form 121 introduced, replacing Forms 15G and 15H?
  • Who is eligible to submit Form 121?
  • What types of income are covered by Form 121?
  • What is the structure of Form 121?
  • What are the responsibilities of the payer/deductor?
  • What is UIN and its format?
  • What is the timing for submitting Form 121?
  • Can Form 121 be submitted through a depository?
  • Is Form 121 required to be submitted separately to each payer?




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