Income Tax  ·  Declaration Form  ·  Section 393(6)

Form No. 121 Generator

Fill in the declarant and income details to generate a ready-to-print Form No. 121 — Declaration under section 393(6) for receipt of certain incomes without deduction of tax (TDS).

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Part A — Declarant Details
Personal information of the person making the declaration
👤 Identity & Contact
First, middle and last name in full — no abbreviations
10-character Permanent Account Number
Refer Note 3 of Form No. 121
Only for resident individuals
Country code + number
e.g. 2025-26
🏠 Address of Declarant
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Part A — Income Details
Details of income for which this declaration is made
Refer Note 5 of Form No. 121
Amount (₹) for which this declaration is made
Total Form No. 121 filed earlier in this tax year
Total income for earlier Form No. 121s filed
Total estimated income for the tax year incl. Col 12
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Col 12 (Aggregate) is auto-computed: Col 10 + Col 11(b). Col 13 must include all income for the year including Col 12. Tax on Col 13 must be Nil for the declaration to be valid.
📋 ITR Details — Previous Two Tax Years (Col 14)
Sl. Tax Year Acknowledgment Number Return Income (₹)
1
2
3
Part B — Payer / Deductor Details (Optional — filled by payer after receiving Part A)
To be completed by the person responsible for paying the income. You may skip this section and fill it later.
ℹ️
Part B is filled by the payer/deductor (your bank, post office, employer etc.) after they receive your signed Part A declaration. All fields below are optional — you can generate and print Part A first, submit it, and the payer will complete Part B.
🏢 Payer Identity
Full name — no abbreviations
Tax Deduction & Collection Account Number
Country code + number
🏠 Address of Payer
📄 Additional Info (Part B)
Allotted by payer; leave blank if not yet issued
Declarant's DOB or entity incorporation date
Date on which payer received this declaration
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Place, Date & Generate
Finalize and preview or download your Form No. 121
City where declarant is signing
City where payer is signing
Person certifying Part B on behalf of payer
✍️ Signatures (Optional — for Pre-Signed Output)
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Upload signature images (PNG/JPG with transparent or white background, ≤ 1 MB each) to embed them directly into the form preview, Word download, and printout — so you get a ready-to-submit signed document without needing to sign by hand later.
Declarant's Signature
🖊️ Click to upload or drag & drop
PNG / JPG · Transparent background preferred
Declarant signature preview
Payer's Authorized Signatory
🏢 Click to upload or drag & drop
PNG / JPG · Transparent background preferred
Payer signature preview
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How to submit: Upload signatures above for a pre-signed digital copy, or use Blank Form 121 PDF to download an empty printable form for manual preparation. Submit the signed form to the payer/deductor. The payer retains Part B; the declarant keeps a copy. This tool generates the form — it does not submit it electronically.
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Form No. 121 — Preview
Review before downloading or printing
Disclaimer: This tool generates a draft Form No. 121 for convenience. The user is solely responsible for verifying the accuracy of all information entered. This does not constitute tax advice. Consult a qualified Chartered Accountant or tax professional before submission. The form must be physically signed before submission.
Form Knowledge Base
Understanding Form No. 121
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What is Form No. 121?
Form No. 121 is a declaration under section 393(6) of the Income Tax Act, allowing eligible individuals and entities to receive certain specified incomes (interest, dividends, insurance commissions, etc.) without deduction of TDS, provided their total estimated income remains within the nil-tax threshold.
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Who Can File Form 121?
Two categories can file:
  • Resident individuals whose total income does not exceed the basic exemption limit
  • Any person other than a company or firm (e.g. HUF, trust, AOP/BOI) covered under section 393(6)
Non-residents cannot file. Companies and firms are excluded.
💰
For Which Incomes is it Valid?
Form 121 covers:
  • Provident fund accumulated balance (employees)
  • Insurance commission
  • Rent from a specified person
  • Mutual fund / specified undertaking units income
  • Interest on securities, bank, post office
  • Life insurance maturity / bonus
  • Dividends from domestic companies
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When Will a Payer Reject It?
A payer must reject the declaration if:
  • Tax on the declarant's estimated total income (Col 13) is not nil
  • For non-senior citizens: aggregate income of this nature exceeds the maximum amount not chargeable to tax
  • The declaration contains false information
Senior citizens (60+) are exempt from the last condition.
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What is Col 12 (Aggregate)?
Col 12 = Col 10 + Col 11(b)
Col 10 is the income for this declaration. Col 11(b) is the total income for all earlier Form 121s filed in the same tax year. Col 12 is their sum — the total income covered by all declarations made during the year.
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What is the Unique ID (Part B Col 10)?
The payer must assign a Unique Identification Number (UIN) to every Form 121 received during a quarter and report it in the TDS statement for that quarter. This UIN is allotted by the payer — the declarant typically leaves this blank when submitting.

Quick Eligibility Reference

CategoryCan File?Condition
Resident Individual (below 60)✓ YesEstimated total income must be within basic exemption limit
Resident Individual (60+ / Senior)✓ YesTotal tax on estimated income must be nil; no income ceiling for this category
HUF / AOP / BOI / Trust✓ YesCovered under Sl. No. 2 of section 393(6); tax must be nil
Non-Resident Individual / NRI✗ NoOnly resident persons can file this declaration
Company✗ NoExpressly excluded from section 393(6)
Firm / LLP✗ NoExpressly excluded from section 393(6)
Resident but Not Ordinarily Resident✓ ConditionalFalls under Sl. No. 2; tax must be nil; consult your CA

Frequently Asked Questions

Form 15G and Form 15H are the old forms used under section 197A of the Income Tax Act 1961. Form No. 121 is the equivalent form under the new Income Tax Act (effective for Assessment Year 2026-27 onwards under the new direct tax code), replacing 15G/15H. If you are filing under the old Act, continue using 15G/15H; use Form 121 only when it has been notified applicable by your payer.
The form is submitted in physical form to the payer/deductor (your bank, post office, company etc.). The payer then reports the UIN in the quarterly TDS statement electronically. You do not need to upload it on the Income Tax Portal directly; however, the payer must electronically report receipt of declarations.
You can file multiple Form 121s during the same tax year — one for each payer / source of income. However, the aggregate income across all declarations (Col 12) must stay within the nil-tax threshold. Each new declaration must report prior filings in Col 11(a) and 11(b).
A false declaration attracts prosecution under section 482 of the Income Tax Act. Before signing, satisfy yourself that all information is true, correct, and complete. Do not file Form 121 if your total income exceeds the basic exemption limit.
Col 13 is your total estimated income for the entire tax year, including the income covered in Col 12. It should be computed after allowing Chapter VIII deductions (like 80C, 80D etc.) and setting off house property losses. The tax on this amount must be Nil — otherwise the payer is obliged to reject the declaration.
Yes. The declaration is valid only for the tax year specified. A fresh declaration must be submitted to each payer at the beginning of every tax year (or before the income is due) for TDS to be avoided. The payer should not accept a declaration for a past period already credited.
A minor's income is generally clubbed with the parent's income under section 96 of the new Act. Since the form states that income must not be includible in any other person's total income (Clause ii of the declaration), a minor typically cannot file Form 121 because their income is clubbed. Consult a CA for specific guidance.
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