The CBDT has amended Form 12BA, Form 16 and Form 24Q vide Income-tax (3rd Amendment) Rules, 2021. The Finance Act, 2020 has brought concessional tax regime for individual taxpayers. Further Section 17(2) was amended to tax contribution made in excess of Rs. 7.50 lakh in hand of employees. The consequential changes related to the amendments have been incorporated in the forms now.