Archive · 6 Oct 2026
New Income Tax Act Changes Checks for Salaried Taxpayers
A new income tax law in India started on 1 April 2026.
It applies to the tax return people file in 2027 for the 2026–27 tax year.
The tax rates have not changed, but many section and form numbers are different.
Salaried workers should check which tax system their employer is using and make sure their salary and tax records are correct.
They should also compare their claims with their documents and check tax credits against the records available to them.
Form 16 is now called Form 130.
People should keep copies of their forms and supporting documents.
The usual 31 July filing deadline remains, but the new return forms had not yet been announced.
The Income-tax Act, 2025, took effect on 1 April 2026 and applies to returns filed in 2027 for tax year 2026–27.
Tax rates remain unchanged, but many section references and tax-form numbers have changed.
Employees should check their selected tax regime, salary and TDS details, HRA claims, declarations, and tax credits.
Form 16 is replaced by Form 130, while other renamed forms include Forms 122, 124, and 168.
The 31 July ITR due date remains; return forms for tax year 2026–27 had not yet been notified.
- Who
- Salaried taxpayers, with changes explained by tax expert Isha Sekhri.
- What
- A guide to checks and renamed sections and forms under the Income-tax Act, 2025.
- When
- The Act took effect on 1 April 2026; it applies to returns filed in 2027 for tax year 2026–27.
- Where
- India.
- Why
- Taxpayers need to account for new section references, forms, and reporting requirements when checking records and filing returns.
- Effective date
- 1 April 2026
- Relevant tax year
- 2026–27
- Expected filing year
- 2027
- Tax rates
- Remain unchanged, according to the article.
- ITR due date
- 31 July remains the due date cited for filing under Section 263.
- Salary TDS certificate
- Form 16 is replaced by Form 130.
- Tax-credit statement
- Form 26AS is replaced by Form 168.
- New return forms
- Forms for tax year 2026–27 had not yet been notified.