New Delhi, March 26 -- Starting 1 April 2026, several major changes will come into force under India's new tax framework. Form 130 will replace Form 16 as the primary TDS certificate for senior citizens and salaried employees.

Keeping this development in mind, let us understand the concept and role of Form 130 through some frequently asked questions:

Form 130 is a Tax Deducted at Source (TDS) certificate issued annually by employers or specified banks.

The main objectives of this document are:

2. To provide a clear summary of salary details, deductions and tax liabilities, if any

3. To help individuals claim TDS credit while filing their income tax returns (ITR)

This document also applies to specified senior citizens who earn intere...