EPF TDS Exemption Requires New Form 121 from Tax Year 2026-27
From the tax year 2026-27, Employees' Provident Fund (EPF) members must submit Form 121 instead of Forms 15G or 15H to claim exemption from tax deducted at source (TDS) on withdrawals before completing five years of continuous service. Under Section 192A of the Income Tax Act, 2025, TDS at 10% applies if the withdrawal exceeds Rs 50,000. Form 121 is a statutory declaration confirming nil tax liability, allowing eligible members to avoid TDS on EPF withdrawals.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (50/100). Lens Score 45/100.
Outlets measured: indiatoday, economictimes. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–50/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
economictimes broke this story on 8 Oct, 12:48 pm. Other outlets followed.