Your Form 16 to be called Form 130 from FY27: Key changes explained
With the new financial year starting April 1, the government has introduced a structural overhaul in tax documentation for salaried individuals. Under the Income-tax Rules, 2026 read with the Income-tax Act, 2025, Form 16 will be renumbered and replaced by Form 130 for tax year 2026–27. The move does not change how tax liability is…
