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 ...

In a major shift under the upcoming tax reforms, the Government of India is set to replace the widely used Form 16 with a new document called Form 130. This change will come into effect from April 1, ...