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New rules to ease quoting of PAN, up ceiling to tax perks
Mint Mumbai
|February 10, 2026
Limits have been raised for certain financial investments, too, including investments in MFs
For the income earned in FY26, taxpayers will still have to use the existing forms when the file their returns.
(MINT)
The draft Income-tax Rules, 2026, released for public consultation before their implementation from 1 April, have raised the threshold for quoting permanent account number (PAN) for bank deposits to ₹200,000, up from the current ₹50,000.
Thresholds have been raised for certain financial investments too, including investments in mutual funds, which will require PAN if it is above ₹200,000, up from ₹50,000 now. The tax-exempt per-meal limit has been raised to ₹200 from ₹50.
Tax officials said that these rules will be finalised and notified in early march, but for the income earned in FY26, taxpayers have to use the existing forms when the file their returns.
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