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, ...

Income Tax rules: Starting April 1, 2026, a key compliance document for salaried taxpayers will undergo a change. Form 16 — traditionally issued by employers as proof of Tax Deducted at Source (TDS) ...