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The widely used Form 16 has now been replaced by Form 130.
While one offers immediate support, the other ensures continuity and flexibility.
From April 1, 2026, the Income-tax Act, 2025 replaces an outdated structure built decades ago.
Form 130 introduces a system-driven approach. It must be downloaded from the TRACES portal.
Users no longer need to enter their UPI PIN for smaller payments.