New Income Tax Rules 2026: Government Seeks Public Feedback by February 22

• Government releases Draft Income-Tax Rules, 2026 under the new Income Tax Act, 2025.
• Public, tax professionals, and industry can submit suggestions by February 22, 2026.
• New rules aim to replace the 60-year-old Income Tax Rules of 1962, effective April 1, 2026.
• The number of rules reduced from 511 to 323 for simpler, clearer tax administration.
• Emphasis on simple language, technology integration, pre-filled data, and standardized forms.