India, March 28 -- From April 1, 2026, the Indian Income Tax department is implementing major reforms aimed at simplifying tax compliance-but also shifting reporting requirements. These changes affect salaried taxpayers, employers, and non‑salary income earners alike.
Form 16 was a certificate issued by employers to salaried employees showing:
It served as the primary document to file your Income Tax Return (ITR).
From April 1:Form 16 will no longer be issued.Instead, taxpayers will use Form 130 (Income & Deduction Statement), pre‑filled with:
Is Form 130 more detailed or complex?Yes - it is more elaborate than Form 16 because it consolidates:
This makes ITR filing easier for most taxpayers because:
However: For companie...
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