New draft income tax rules for 2026 suggest higher limits for several allowances. Taxpayers in the old tax regime can save ...

Central Board of Direct Taxes has released draft Income-tax Rules and Forms to simplify compliance under the Income-tax Act, 2025, cutting paperwork, raising PAN thresholds, and expanding tax-free ...

Thresholds have been raised for certain financial investments too, including investments in mutual funds, which will require ...

The draft rules propose expanding the 50% exemption category to include Bengaluru, Hyderabad, Pune and Ahmedabad -- cities ...

Experts say raising allowance exemptions, tilts incentives towards old regime for allowance-heavy salaried employees, though ...

The Centre has released the draft rules for the New Income Tax Act, 2025, which may make the old tax regime more attractive ...

The government’s draft of the new Income Tax Rules, released on February 7, 2026, could significantly alter how salary income is taxed in India. The proposed changes focus on revising exemption limits ...

The proposed Income Tax Rules will be will be notified by the first week of March after incorporating public comments. It will replace the Income Tax Rules of 1962 with effect from April 1.

The Draft Income Tax Rules, 2026 propose sweeping changes to PAN-quoting norms, perquisite valuations and reporting ...