Key points
- Form 130 replaces Form 16, and Form 138 replaces Form 24Q, under the Income-tax Act, 2025.
- FY 2025-26 was the last year on Form 16. Tax Year 2026-27 is the first on Form 130.
- The first Form 130 is due by 15 June 2027.
- Form 130 has three parts, and each employer in the year issues its own.
What changed
The Income-tax Act, 2025 took effect on 1 April 2026 and replaced the 1961 Act. The rules and forms were renumbered, and the idea of "financial year" and "assessment year" was replaced by a single tax year. Tax Year 2026-27 runs from 1 April 2026 to 31 March 2027.
| Old form | New form | Purpose |
|---|---|---|
| Form 16 | Form 130 | Annual salary TDS certificate |
| Form 24Q | Form 138 | Quarterly salary TDS statement |
| Form 12B | Form 127 | Details of salary from a previous employer |
| Form 26AS | Form 168 | Tax passbook |
| Form 16A | Form 131 | TDS certificate for non-salary payments |
Which form for which year
| Income for | Certificate | Due by |
|---|---|---|
| FY 2025-26 (to 31 March 2026) | Form 16 | 15 June 2026 |
| Tax Year 2026-27 | Form 130 | 15 June 2027 |
So the form does not change for this year's filing season. Salary you are paying now, in Tax Year 2026-27, will be reported on Form 130 next June.
The three parts
| Part | Holds |
|---|---|
| Part A | Employer's name, address, TAN and PAN; employee's name and PAN; the tax year; the period of employment. |
| Part B | TDS summary: amounts paid, tax deducted and deposited, with quarterly statement receipt numbers and challan details. |
| Part C | Annexures with the salary, deductions and tax calculation. |
How it is produced
- Deduct tax from salary each month and deposit it on time.
- File the quarterly statement in Form 138.
- After processing, download the certificate from TRACES.
- Add the salary annexure and issue it to each employee by 15 June.
A certificate can only be right if the quarterly statements are right, so correct any PAN or challan errors before year end.
When someone changes jobs
- Each employer issues Part A and Part B for the period the person worked there.
- Part C can come from each employer, or from the last employer alone if the employee gives them the earlier salary and TDS details.
- The new employer is told about earlier salary and tax in Form 127.
If you issue it late
Under the 1961 Act, the penalty for late Form 16 was reported as ₹500 a day. We did not find the matching provision for Form 130, so check it. Issue on time either way, because employees need the certificate to file their returns.
Form 16 in AiroHR
AiroHR prepares the employer's salary and tax annexure as a PDF, and employees see it in their portal alongside the TRACES part HR uploads. It is built for Form 16 today. The Form 130 layout will be needed for June 2027 and is not built yet, so check your figures against your Form 138 statements.
TDS on salary guide Payroll softwareWhere to confirm
- Income Tax Department — the Income-tax Rules, 2026 and its FAQs on Form 130.
- TRACES — downloading TDS certificates and correcting statements.
Commentary this guide was written from
- India Briefing: Form 130 due by June 15 (9 June 2026)
- ClearTax: Form 130
- TaxGuru: Form 130 replacing Form 16
Work it out, then stay up to date
Use the free salary slip generator, or get each month's PF, ESI, PT and TDS dates by email with free compliance alerts.
Related guides
This guide is general guidance, not tax advice. It is based on published commentary, because we could not open the department's FAQ page. Confirm on the official portals before you act. Last reviewed: 30 October 2026.