Income Tax label mapping: IT Act 1961 vs IT Act 2025

Updated in April - 2026 | Subscribe to watch greytHR how-to video

With the introduction of the Income Tax Act, 2025 and IT Rules, 2026, several section names and labels in the Income Tax module have been updated.

To ensure compliance and consistency, these updated labels are now reflected across greytHR in areas such as IT Declarations, Tax Planner, IT statements, and statutory forms.

This article helps you quickly understand how old labels (IT Act, 1961) are mapped to new labels (IT Act, 2025).

INFO: For a high-level summary of changes, refer to:
Income Tax Key Changes (FY 2026–27)

What is changing?

• Section names and references have been updated as per the new Act

• Chapter names have been reorganized

• Labels across UI, reports, and help text are updated accordingly

Applicability

• These changes are effective from April 2026 (Tax Year 2026–27)

• Until March 2026, the system will continue to display old labels (IT Act, 1961)

• From April 2026 onwards, only new labels (IT Act, 2025) will be shown

Key terminology update

• Financial Year (FY) → Tax Year (TY)
  The concepts of Financial Year and Assessment Year are replaced with a single Tax Year. For example. April 1, 2026 – March 31, 2027 → Tax Year 2026–27

How labels are displayed in greytHR

To maintain consistency across the application, labels will appear in the following formats:

• Section headings: Section N (X)

• Field names / sub-sections: Sec N (X)

• Inline references: N(X)

Label mapping (old vs new)

The table below lists commonly used Income Tax sections and their updated labels:

Where will the changes reflect?

These updated labels are reflected across the following areas in greytHR:

Admin portal

• System Settings → Income Tax → IT Declarations

• Payroll → Payroll Inputs → Income Tax

• Payroll → Published Info → IT Declarations

• Payroll → Published Info → IT Statements

Employee Self Service (ESS)

• Salary → IT Declaration (Declare & My Tax Planner)

• Salary → IT Statements

• Form 12BB

Important notes

• All references to old sections are fully replaced with new labels from April 2026

• Changes apply to:

• Section headings

• Field names

• Help text

• Reports and forms

Note: If you have questions about these changes or need assistance, contact the greytHR support team.

Frequently Asked Questions:

Why have the Income Tax section labels changed in greytHR? 

The labels have been updated to align with the new Income Tax Act, 2025 and IT Rules, 2026. Section names, chapter references, and form numbers have been reorganized under the new Act, and greytHR reflects these changes across all relevant areas to ensure compliance and consistency.

When will the new labels take effect in greytHR? 

The new labels (IT Act, 2025) are effective from April 2026 (Tax Year 2026–27). Until March 2026, the system continues to display old labels based on the IT Act, 1961.

What has replaced the concept of Financial Year and Assessment Year? 

Both Financial Year and Assessment Year are replaced by a single unified concept called Tax Year. For example, April 1, 2026 – March 31, 2027 is referred to as Tax Year 2026–27.

Where will the updated labels appear in greytHR?

The new labels are reflected across the Admin Portal (IT Declarations, Payroll Inputs, IT Statements), Employee Self Service (IT Declaration, Tax Planner, IT Statements), and statutory forms and reports such as Form 12BB, Form 24Q, and payroll tax datasets.

What format will the updated section labels follow? 

Labels follow a consistent format depending on context — section headings appear as Section N (X), field names and sub-sections as Sec N (X), and inline references as N(X).

How is Section 80C mapped under the new Act? 

Section 80C (covering investments such as LIC, PPF, and ELSS) is now mapped to Section 123 under the IT Act, 2025.

What is the new label for Form 16 and Form 24Q? 

Form 16 (salary TDS certificate) is now called Form 130, and Form 24Q (quarterly TDS return) is now called Form 143 under the IT Act, 2025.

Has the section for TDS on salary changed? 

Yes. Section 192 (TDS on salary) is now Section 392, Section 192(2B) (other income declaration) is now Section 392(4), and Section 194P (senior citizen exemption) is now Section 392(8).

What happens to old section references — will they still be visible? 

No. From April 2026 onwards, all references to old section numbers (IT Act, 1961) are fully replaced with the new labels across section headings, field names, help text, reports, and forms.

Related article:
IT Rules 2026-Key changes from tax year 2026-27

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