Glossary
Form 16
The annual TDS certificate an employer issues, showing salary paid and tax withheld; under the Income-tax Act 2025 the TDS provision moves from old §192 to new §392.
Form 16 remains the employee-facing annual summary of salary and tax deducted at source, used for personal tax filing and as income proof. Its content and purpose are unchanged under the new Act.
What changed is the statutory plumbing behind it: TDS on salary, previously under §192, now sits in the Income-tax Act 2025’s §392-series. The underlying quarterly return (24Q) reference moved to §138.
Why it matters now: payroll and tax teams cross-referencing old section numbers in SOPs or software configs should update them. The form and its data fields haven’t changed, but the legal citations have.