New Income Tax Act 2025: 10 Key Changes Affecting Your Money From April 1, 2026

• New Income Tax Act, 2025 replaces 1961 Act from April 1, 2026, simplifying tax framework with fewer rules and forms.
• PAN mandatory for annual cash deposits/withdrawals over Rs 10 lakh, vehicle purchases over Rs 5 lakh (incl. two-wheelers), and all insurance premiums.
• HRA benefits expanded: Bengaluru, Pune, Ahmedabad, Hyderabad now metro cities, increasing exemption to 50% of basic salary.
• Property transaction PAN threshold raised to Rs 20 lakh; higher tax-free limits for employer-provided perquisites.
• Crypto exchanges face wider reporting; CBDC recognized as valid electronic payment mode.