New

New Income Tax Rules From April 1: Perks Boosted, Pf & Car Tax May Hit Salaries

India’s new Income Tax rules come into effect from April 1, 2026, bringing key changes for salaried employees. While tax slabs remain unchanged, exemptions on allowances like children’s education, hostel expenses, meal cards, and gift vouchers have been significantly increased under the old tax regime. HRA benefits have also been expanded to include more cities.

However, higher taxes on company cars, changes in corporate loan taxation, and a possible rise in PF contributions under new labour codes could impact your take-home salary. Here’s a quick breakdown of what changes and how it affects you.

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New Income Tax Rules From April 1: Perks Boosted, Pf & Car Tax May Hit Salaries

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