We present a spectro-timing analysis of the black hole X-ray transient GX 339–4 using simultaneous observations from AstroSat and the Neutron Star Interior Composition Explorer (NICER) during the 2021 outburst period. The combined spectrum obtained from NICER, Large Area X-ray Proportional Counter and SXT data is effectively described by a model comprising a thermal disk component, hard Comptonization component, and reflection component with an edge. Our analysis of the AstroSat and NICER spectra indicates the source to be in a low/hard state, with a photon index of ∼1.64. The power density spectra obtained from both AstroSat and NICER observations exhibit two prominent broad features at 0.22 Hz and 2.94 Hz. We generated energy-dependent time lag and fractional root mean square (frms) at both frequencies in a broad energy range of 0.5–30 keV and found the presence of hard lags along with a decrease in variability at higher energy levels. Additionally, we discovered that the correlated variations in accretion rate, inner disk radius, coronal heating rate, and the scattering fraction, along with a delay between them, can explain the observed frms and lag spectra for both features.
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