The upgraded platform brings a unified space for all TDS and TCS services.
The widely used Form 16 has now been replaced by Form 130.
In several cases, the Reserve Bank of India deducted Tax Deducted at Source (TDS) only when the bonds matured.
Under the draft, PAN will be required only if total cash deposits or withdrawals reach ₹10 lakh in a financial year.
Public capital expenditure was raised to ₹12.2 trillion for FY2026–27.