Finance
DeluluForm 130 Replaces Form 16 in FY27 Filing Shift
Form 16 is getting replaced by Form 130 in FY27, and the tax paperwork just leveled up. Experts say the salary and TDS basics stay the same, but the new form adds a three part structure, a detailed annexure, and tax year labels. Employees should double check deductions, TDS rates, and filing details.
few days ago | Amit Kumar
Quick rundown
1.Form 16 is replaced by Form 130 in FY27.
2.Form 130 introduces a more detailed reporting format.
3.The shift aligns with the Income Tax Act, 2025.
4.Form 130 includes a new annexure for comprehensive data.
5.Transition to 'tax year' may cause initial confusion.
