--- title: "Aditya Bhattacharya Explains Key Considerations for EPF Withdrawals Under New Form 121" date: 2026-10-09 author: "King Stubb & Kasiva" url: https://ksandk.com/news/epf-withdrawal-form-121-tds/ --- # Aditya Bhattacharya Explains Key Considerations for EPF Withdrawals Under New Form 121 Posted On - 9 October, 2026 • By - King Stubb & Kasiva ![Aditya Bhattacharya of King Stubb & Kasiva quoted in Moneycontrol on EPF withdrawals and TDS under Form 121](https://ksandk.com/wp-content/uploads/epf-withdrawal-form-121-tds.png) Aditya Bhattacharya has highlighted the key considerations for taxpayers seeking exemption from tax deducted at source (TDS) on Employees’ Provident Fund (EPF) withdrawals under the new Form 121, which replaces Forms 15G and 15H from tax year 2026–27. ![Aditya Bhattacharya of King Stubb & Kasiva quoted in Moneycontrol on EPF withdrawals and TDS under Form 121](https://ksandk.com/wp-content/uploads/epf-withdrawal-form-121-tds.png) Aditya clarified that Form 121 does not make an EPF withdrawal tax-free. Instead, it allows eligible individuals whose estimated total income for the year results in nil tax liability to request non-deduction of TDS. The facility is optional and is not available to non-residents or individuals with an actual tax liability. He also emphasised that a valid Permanent Account Number (PAN) is mandatory, and a declaration submitted without one is invalid under EPFO’s instructions. “Members planning a withdrawal should use the new form from the start, rather than wait for a deduction and then claim a refund,” Aditya said, advising EPF members to verify their eligibility before submitting Form 121. Read the full article here: [https://www.moneycontrol.com/news/business/personal-finance/epf-withdrawal-form-121-replaces-forms-15g-and-15h-for-tds-exemption-from-tax-year-2026-27-14048482.html](https://www.moneycontrol.com/news/business/personal-finance/epf-withdrawal-form-121-replaces-forms-15g-and-15h-for-tds-exemption-from-tax-year-2026-27-14048482.html)  *Last Updated on 9 October, 2026* Get King Stubb & Kasiva’s legal updates in your Google feed[![Add King Stubb & Kasiva as a preferred source on Google](https://ksandk.com/wp-content/uploads/google_preferred_source_badge_light_en@2x.png)](https://www.google.com/preferences/source?q=https://ksandk.com/) --- ## Office Locations - [New Delhi](https://ksandk.com/locations/top-corporate-law-firm-in-delhi/) (HQ): +91-11-41318190 | info@ksandk.com - [Mumbai](https://ksandk.com/locations/top-corporate-law-firm-in-mumbai/): 3 offices (Nariman Point, Lower Parel, Andheri) | mumbai@ksandk.com - [Bangalore](https://ksandk.com/locations/top-corporate-law-firm-in-bangalore/): bangalore@ksandk.com - [Chennai](https://ksandk.com/locations/chennai/): chennai@ksandk.com - [Hyderabad](https://ksandk.com/locations/hyderabad/): hyderabad@ksandk.com - [Pune](https://ksandk.com/locations/pune/): pune@ksandk.com - [Kochi](https://ksandk.com/locations/kochi/): kochi@ksandk.com ## Contact - [Contact Page](https://ksandk.com/contact-us/) - General: info@ksandk.com | +91-11-41318190 - WhatsApp: +91-7428567444 - [Privacy Statement](https://ksandk.com/privacy-statement/) - [Terms of Use](https://ksandk.com/terms-of-use/)