Your Employer Will Issue Form 130 This June — Not Form 16. Here Is What Changed and What It Means for Your Tax Return
India’s most familiar salary document has a new name, a new structure and a new statutory basis. Form 16, the TDS certificate that salaried employees have received every June for decades, has been replaced by Form 130 under the Income-Tax Act, 2025. If you are a salaried employee, a pensioner, or an employer running payroll, this is what you need to know.