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I-T rules: What changes for salaried persons
The Morning Standard
|March 23, 2026
From in-hand salary to exemptions in gifts & HRA from employers, new law overhauls tax structure for this segment
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.
This story is from the March 23, 2026 edition of The Morning Standard.
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