The Indian government has officially replaced Form 16 with the new Form 130 starting Fiscal Year 2026-27. Consequently, salaried taxpayers will now receive Form 130 instead of the traditional Form 16 for tax year 2026-27 onwards. However, Form 16 remains valid for the Financial Year 2025-26, and employers must issue it by June 15, 2026. Why Form 16 Became Form 130 Aspect Form 16 (FY 2025-26) Form 130 (FY 2026-27+) Number of Parts 2 parts (A & B) 3 parts (A, B, & C) Generation Method Employer-issued TRACES portal-only Manual…