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I-T rules: What changes for salaried persons

March 23, 2026

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The Morning Standard

From in-hand salary to exemptions in gifts & HRA from employers, new law overhauls tax structure for this segment

- PUSHPITA DEY @ Chennai

I-T rules: What changes for salaried persons

WITH the Income-tax Act, 2025 set to be implemented from April 1, 2026, salaried individuals will see substantial changes in their taxation.

From in-hand salary to exemptions for employer-provided gifts and house rent allowance (HRA), the new law overhauls the tax structure for this segment.

Tax experts say that changes in perquisite valuation and allowance exemptions will have a tangible impact on the tax outgo.

"The taxable value of employer-provided cars has been significantly increased from ₹2,700/₹3,300 per month to ₹8,000/₹10,000 per month depending on engine capacity—resulting in a higher taxable salary," said Gaurav Makhijani, Partner at Makhijani Gera & Associates LLP.

المزيد من القصص من The Morning Standard

The Morning Standard

The Morning Standard

Mayoral run-offs across France seen as key test before presidential election

VOTERS cast their ballots for mayors in major French cities on Sunday, with the left battling to keep Paris while the far right eyes gains ahead of next year’s presidential election.

time to read

1 mins

March 23, 2026

The Morning Standard

PSL without fans due to West Asia conflict

THE PCBon Sunday announced that the initial stages of the Pakistan Super League will be held without spectators due to the prevailing tense situation in the region caused by the conflict in West Asia.

time to read

1 min

March 23, 2026

The Morning Standard

The Morning Standard

T'gana tweaks building rules to reshape skyline

THE state government has amended building rules to raise the high-rise threshold from 18 metres to 21 metres and rationalise Transferable Development Rights (TDR).

time to read

1 mins

March 23, 2026

The Morning Standard

Kerala Blasters part ways with head coach Catala

KERALA Blasters FC parted ways with head coach David Catala following a poor start to the season.

time to read

1 min

March 23, 2026

The Morning Standard

Netanyahu visits strike-hit town, vows to target Guards leaders

Key nuclear-linked town Dimona hit by Iran missile as Israel widens conflict, launches strikes on Hezbollah positions and infrastructure across south Lebanon

time to read

1 mins

March 23, 2026

The Morning Standard

'Kheer' ceremony for Assembly Budget session

EVEN as the Opposition has threatened to boycott the Delhi Assembly’s Budget session, which is scheduled to begin on Monday, the government has planned a Kheer Serenani ceremony.

time to read

1 min

March 23, 2026

The Morning Standard

Modi gets title of longest serving government head

Has completed 8,931 days as Prime Minister, Gujarat chief minister

time to read

2 mins

March 23, 2026

The Morning Standard

The Morning Standard

INSTILLING SIMPLE HABITS

BACK TO NATURE

time to read

2 mins

March 23, 2026

The Morning Standard

Titan bets big on premium segment

TITAN will add 20-25 Helios Luxe outlets in the coming financial year (FY27) as it aims to increase its presence in the fast-growing luxury segment.

time to read

1 mins

March 23, 2026

The Morning Standard

Assembly Budget session to begin today, Gupta to table Economic Survey

THE Delhi Assembly’s Budget Session will commence on Monday with a ‘kheer’ ceremony, even as the Opposition has threatened to boycott the proceedings.

time to read

1 mins

March 23, 2026

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