Personal Finance CBDT revises Form 16: Key things you should know Updated : May 21, 2019 12:00 PM IST The Central Board of Direct Taxes has notified changes to Form 16 for the financial year 2018-19. Under the new format of Form 16, Part B will contain information about the exempt allowances under section 10 namely, house rent allowance, leave travel concession, leave encashment, gratuity, etc. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.