Goodbye Form 16: 9 key things to know about the new form
India Today
If Form 16 has been your go-to document every tax season, a change is coming your way. From April 1, it will be replaced by a new form. Here are nine key things you should know.
If you’ve been relying on Form 16 every year to file your income tax return, this change is worth your attention. From April 1, 2026, a new document, i.e., Form 130 will step in. It may look like just a name change, but there’s more to it than that.
Here’s a simple breakdown of what this new form means and what you should know.
From the new financial year, Form 130 will become the main TDS certificate for salaried employees and certain senior citizens. This means Form 16, which has been widely used for years, will no longer be issued going forward.
Form 130 will serve as official proof that tax has been deducted from your income and deposited with the government. Whether you are a salaried employee or a pensioner, this document will be essential while filing your tax return.
Unlike Form 16, which focused mainly on salary income, Form 130 will also include certain interest income for specified senior citizens. This makes it slightly more comprehensive, especially for retirees.
Form 130 will come in three sections—Part A, Part B and Part C.
Food delivery bills are inching up again. Swiggy has increased its platform fee soon after Zomato, meaning customers will now pay more each time they order online.
Perfectly timed oil and equity trades worth $580 million before US President Donald Trump claimed "productive talks" with Iran and paused strikes, later denied by Tehran, are raising insider trading concerns.
Between December 3 and 5, 2025, IndiGo cancelled 2,507 flights and delayed 1,852 others, affecting over three lakh passengers nationwide. The disruptions were linked to challenges in implementing revised Flight Duty Time Limitation (FDTL) norms for pilots.
Oil prices jumped in the morning with Brent nearing $113, but later fell to around $100.34, down 6.2%, later in the day.
A look at Sensex stocks shows that IT names such as HCLTech, Tech Mahindra, and TCS were trading in the green, even as heavyweights across banking, auto, metal and consumption sectors saw sharp declines.
As of 10:26 am on MCX, gold futures were trading at Rs 1,37,307, down Rs 7,185 or 4.97%. Silver futures were at Rs 2,13,600, down Rs 13,172 or 5.81%.
The stock has seen a steep decline recently. In just two sessions, the share price fell from around Rs 843 to Rs 781 on the NSE, marking a drop of over 7%. After closing at Rs 781 on Friday, the stock is now only Rs 11 above its 52-week low of Rs 770.
As the war enters its fourth week, airlines are struggling to cope with a sharp rise in jet fuel prices, which have surged significantly in a short span of time. The impact is already visible for passengers, with ticket prices expected to rise in the coming months as airlines try to protect already thin profit margins.
The world is already feeling the heat as the West Asia conflict enters its fourth week, pushing global crude oil prices higher. In this article, we speak to experts to understand whether this shock could tip the world toward a recession.
The additional allocation will be subject to commercial establishments registering with oil companies and applying for a piped natural gas connection, according to a letter written by the oil secretary to states.
Civil Aviation Minister Ram Mohan Naidu said that the impact of the ongoing Iran war on the aviation sector is likely to be visible from April 1, when the Air Turbine Fuel (ATF) prices will be revised.
A new government directive on free seat allocation has triggered sharp opposition from airlines, who warn it could push up fares, hurt affordability and reshape how tickets are priced across India's aviation sector.
This is the third part of Lock & Key, a series that looks at how India's bank locker system works, the risks involved, and what customers need to know. After examining safety and insurance in the first two parts, this story focusses on a new problem – access.