Credit Card Users Alert: 5 New Rules Coming April 1, 2026

• Income Tax Draft Rules 2026 propose significant changes for credit card users, replacing 1962 rules.
• Digital payments of Rs 10 lakh+ via credit card and cash payments of Rs 1 lakh+ may be reported to IT Dept.
• Recent credit card statements (last 3 months) could become valid address proof for PAN applications.
• Taxpayers may soon pay income tax dues using credit cards, offering flexibility but potentially incurring processing fees.
• Employer-provided credit cards used for personal expenses will be taxed as 'perquisites'; PAN mandatory for new applications.