Submit Form 121 online, Save Tax Deducted at Source (TDS) easily
Submit Form 121 online through ICICI Bank Net Banking or the iMobile app. Enjoy seamless tax savings on the interest earned on your Fixed Deposits and Recurring Deposits when you meet the eligibility criteria for TDS waiver. Keep your PAN Card ready and manage your TDS smartly from anywhere.
Save time and manage your tax efficiently! Submit Form 121 through ICICI Bank Net Banking and the iMobile app to enjoy seamless TDS exemption on eligible interest income.
Type of Customer | Age | Income threshold below which tax is not applicable (₹) |
Individuals (resident Indian) | Below 60 years | 4,00,000 |
Senior Citizens (resident Indian individuals) | 60 years or above during the year | 12,00,000 |
Non-Individuals (e.g. Trust, Association, Club, HUF and Society) | Not Applicable | 4,00,000 |
Refer to FAQs for details and eligibility.
Through the iMobile app:
- Log into the iMobile app
- Go to: Services → Account Services → Form 121
- Fill in details, review and submit.
Through Net Banking:
- Log in with User ID & Password
- Go to ‘Tax Centre’ under ‘Payments and Transfer’
- Click on ‘Update’ under Form 121
- Enter required details → Submit
- Confirm details on the Request Confirmation page and submit
- View your Deposit Accounts and click on ‘Submit Form’
- Download your Acknowledgement.
- PAN mandatory: A valid PAN is required to claim exemption
- TDS Threshold: TDS applies if annual interest earned on ICICI Bank Deposits exceeds ₹ 50,000 (₹1,00,000 for senior citizens)
- Interest income is taxable: Form 121 stops TDS deduction but does not make interest income tax-free.
Guidelines to Fill Form 121
Field Name (in the form) | What to Enter | Example |
Account Number | Select account from the dropdown | XX1234 |
Status | Select Customer type as applicable: Individual, Trust, HUF, etc. | Individual |
Estimated income for which declaration is made | System-generated | No entry needed |
Estimated total income of the tax year including the income mentioned in column 12 | Total income from all sources | ₹ Amount |
Total number of Form 121 filed earlier | If submitted, mention the total number of Forms filled in other banks prior to ICICI Bank | 1 (1 form filed for ABC Bank) |
Aggregate amount of income for which Form No. 121 were filed | Total income covered by previous forms | ₹ 50,000 + ICICI Bank Deposits |
Details of last of the ITR filed for the previous two tax years | ||
- Tax Year | Tax Year for which last return was filed | 2025-26 |
- Acknowledgment Number | The Income Tax Acknowledgement Number is a unique 15-digit identifier on the ITR-V (Verification) form, generated upon successful filing | XXXXXXXXXX34567 |
- Return Income | Income as per return filed | ₹ Amount |
- Tax Year | Tax Year for which prior to last return was filed | 2024-25 |
- Acknowledgment Number | The Income Tax Acknowledgement Number is a unique 15-digit identifier on the ITR-V (Verification) form, generated upon successful filing | XXXXXXXXXX12345 |
- Return Income | Income as per return filed | ₹ Amount |
Quick Tips:
- Download ICICI Bank's iMobile app from Google Play Store or SMS iMobile to 5676766
- Get your Net Banking User ID: Get User ID / Generate your Net Banking Password: Generate Now
- This service is currently available on Android devices only.
Log in now and experience the simplest way to manage your TDS exemption online!