What is Form 121? How to save TDS on interest and other income

Hey @HIREiN,

Form 121 replaces both Form 15G and 15H. We have written a detailed thread on what’s the difference between the new form and the old ones, please find it here: Form 121 vs Form 15G & Form 15H: Nil TDS declaration explained

You should give Form 121 to the entity making the payment (the deductor). This could be your bank, insurance company, or the organisation where you hold bonds or similar investments.

Hope this helps!