Credit Card Rules Alert: 5 Major Changes Coming April 1, 2026

• Draft Income Tax Rules 2026 propose 5 significant changes for credit card users from April 1, 2026.
• Digital payments of ₹10 lakh+ or cash bills of ₹1 lakh+ may be reported to the Income Tax Department.
• Credit card statements (last 3 months) can now serve as valid proof of address for PAN applications.
• Credit cards may soon be an option for income tax payments, offering convenience but potentially incurring processing fees.
• PAN mandatory for all new credit card applications; company-provided cards' personal use may be taxable perquisite.