April 2026 New Rules: Budget Changes Impact Your Pocket Directly!

• New Income Tax Act 2025 brings significant changes from April 1, 2026, affecting PAN, property, insurance, and education.
• PAN card rules relaxed: no PAN needed for cash transactions up to Rs 10 lakh annually, hotel bills up to Rs 1 lakh, or cars up to Rs 5 lakh.
• Property purchase rules eased: PAN not required for property deals up to Rs 20 lakh; buying from NRIs simplified with PAN for TDS.
• Insurance sector tightens: PAN mandatory for all insurance policy purchases; Motor Accident Claims Tribunal interest is now tax-free.
• Children's education allowance increases to Rs 3,000/month (from Rs 100) and hostel allowance to Rs 9,000/month (from Rs 300) per child.