March 20, 2026

HRA

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New income tax rules notified from April 1; simplified law retains HRA relief and tightens disclosure norms

contact@dailyupdatesindia.com03 mins

The Central Board of Direct Taxes (CBDT) on Friday notified the Income-tax Rules, 2026 to operationalise the simplified direct tax legislation passed by Parliament last year, with the new framework set to come into effect from April 1. “These rules may be called the Income-tax Rules, 2026. They shall come into force on the April…

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Draft Income Tax Rules 2026 explained: How you can save Rs 1.41 lakh tax outgo – top points on HRA, PAN changes

contact@dailyupdatesindia.com010 mins

The Income Tax Department has released the Draft Income Tax Rules 2026. (AI image) The Income Tax Department has released the Draft Income Tax Rules 2026, which once approved will be applicable for FY 2026-27. For salaried and middle class income taxpayers, several changes have been proposed, which will have implications for their taxable income…

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