If you're withdrawing money from your Provident Fund (PF) account and expect no tax liability for the financial year, you can avoid Tax Deducted at Source (TDS) by submitting 'Form 121' under the Income Tax Act, 2025. This form must be completed accurately, with Part A filled by the declarant and Part B by the payer. The Employees’ Provident Fund Organisation (EPFO) emphasizes that this declaration is optional and intended for those who wish to prevent TDS deductions. Each Form 121 will be assigned a Unique Identification Number (UIN) by the Regional Office (RO) to track submissions. The EPFO has also stated that online filing is not yet available, so members must use physical forms until the system is updated. To ensure TDS is not deducted, EPFO members should submit Form 121 before their withdrawal date or at the beginning of the financial year 2026-27, including necessary details like their Permanent Account Number (PAN) and estimated income.