Form 130 Replaces Form 16 In Big Tax Shift

Form 130 is here, and it is not just a new label. In FY27, employers will move from Form 16 to a more detailed certificate with three parts, including an annexure for salary, deductions, and TDS. Experts say employees should check PAN, exemptions, and tax year details carefully. I told you, the paperwork just got a lot smarter.