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, ...
Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. If delayed, taxpayers can use salary slips, bank statements, ...
The upcoming changes are linked to the implementation of the Income-tax Act, 2025, which requires the redesign of return forms, tighter reporting standards, and stronger integration between employer ...
ITR filing changes from April 1, 2026: Form 16 replaced, updated ITR forms — what it means for you (AI-generated image) From April 1, 2026, filing your income tax return (ITR) may not feel the same.
Tax filing in India to change from April 1, with changes to income tax rules coming into effect Form 130 will replace Form 16 as the new TDS certificate for salaried employees and pensioners ITR forms ...
Maintaining proper documentation helps substantiate the income reported in the ITR and facilitates responding to any future queries from the tax authorities. One common mistake many salaried taxpayers ...