From April 1, 2026, Form 16 will be renumbered as Form 130 under the Income Tax Rules, 2026 read with Income Tax Act, 2025 for Tax Year 2026-27. The changes in the new Form 130 (earlier Form 16) are ...
Income Tax rules: Starting April 1, 2026, a key compliance document for salaried taxpayers will undergo a change. Form 16 — traditionally issued by employers as proof of Tax Deducted at Source (TDS) ...