New Income Tax Rules 2026: Key Changes

The CBDT has shared new rules. Notably, these replace the 1962 version. Initially, the old rules guided us. Now, the 2026 rules take over. Consequently, these start on April 1. Indeed, they impact your next salary. Thus, every employee must stay alert.

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Higher HRA for More Cities

Look, the HRA rules have changed. Specifically, more cities get higher limits. Initially, only four metros had 50%. Now, Hyderabad and Pune join them. Furthermore, Ahmedabad and Bengaluru are included. Actually, you can claim 50% now. Indeed, other towns stay at 40%. Thus, your tax savings will grow.

[Table of HRA Cities: Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Pune, Ahmedabad, Bengaluru]

Big Hike in Education Allowances

Additionally, child allowances are much higher. Specifically, education moves to ₹3,000. Initially, it was only ₹100 monthly. Then, hostel fees rose to ₹9,000. Notably, this covers two children maximum. Furthermore, this applies across all India. Indeed, it helps the old regime. Thus, keep your pay slips ready.

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Proof Needed for Tax Claims

While rules are better, proof matters. Specifically, you must submit clear evidence. Initially, HRA needs the landlord’s PAN. Notably, this applies if rent is high. Furthermore, home loans need lender details. Actually, Rule 279 lists every step. Indeed, keep all your investment receipts. Therefore, your filing will be easy.

Old vs New Tax Regime

Finally, choose your regime with care. Notably, the new regime is simple. Initially, it helps most middle earners. However, the old regime needs deductions. Actually, these new hikes help savers. In short, calculate your total tax now. Next, I can help more. Right.

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