Goodbye Form-16! Form 130 Arrives April 2026: What It Means For Salaried Employees

• Form 130 will replace Form 16 for salaried employees starting April 1, 2026, aiming for automatic and transparent tax filing.
• This digital certificate will detail salary, TDS, and deductions, serving as legal proof of tax deposited by your company.
• Form 130 will be downloadable only from the government's TRACES portal, not issued by companies.
• It comprises three parts: Part A (basic info), Part B (total amount and tax deducted), and Part C (Annexures for employees/senior citizens).
• Companies must issue Form 130 by June 15 annually, downloaded from TRACES; corrections require Form 138.