Income-tax Rules, 2026 Notified: EV Tax Breaks, Wider HRA Relief for Salaried Taxpayers
CCNBC TV18•22-03-2026, 10:47
Income-tax Rules, 2026 Notified: EV Tax Breaks, Wider HRA Relief for Salaried Taxpayers
- •Income-tax Rules, 2026 notified, replacing 1962 rules, ahead of April 1, 2026, rollout of new tax regime.
- •Electric Vehicles (EVs) get tax clarity with concessional perquisite valuation rules, making them more attractive as employee perks.
- •HRA exemption expanded to include Bengaluru, Hyderabad, Pune, Ahmedabad in the 50% bracket, but NCR cities like Noida, Gurugram remain at 40%.
- •New rules strengthen compliance through expanded digital reporting, data-driven scrutiny, and enhanced documentation.
- •Crypto-assets, CBDCs, and e-money products are now classified as reportable accounts, aligning with global transparency standards.
