Form 16 amendment expands mandatory salary, exemption and deduction disclosures, tightening TDS reporting and Annexure requirements. The notification amends Income tax Rules to substitute Part B (Annexure) of Form No.16 and Annexure II of Form No.24Q, mandating detailed, itemised disclosure of gross salary components, exemptions under section 10, deductions under section 16 (including the standard deduction), other income reported under section 192(2B), Chapter VI A deduction breakdown, full tax computation (including rebate, surcharge, cess and relief under section 89) and verification by the deductor; Form 24Q annexure further requires employee PANs and conditional landlord and lender PANs.