8 Major Tax Rule Changes From April 1 Every Salaried Employee Must Know
March 29, 2026
Published by: ABP Live Business
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Big Tax Reset From April 1:
India’s income tax system is changing BIG time. Here’s what it means for YOU.
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1. New Tax Law Replaces 60-Year Act:
Income-tax Act, 2025 replaces 1961 law. A complete overhaul of tax system.
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2. No Tax Hike, But Big Changes:
Tax rates stay SAME. But reporting & compliance get stricter.
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3. Meal Benefits Get Massive Boost:
Tax-free meal limit jumps to Rs 200/meal. Save over Rs 1 lakh yearly.
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4. HRA Rules Expanded:
More cities added to 50% exemption. But landlord details now MANDATORY.
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5. Form 16 Is Gone:
New Form 130 replaces it. More detailed, system-generated tax data.
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6. ITR Filing Becomes Smarter:
Pre-filled returns & auto-checks. Errors flagged instantly.
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7. PAN Now Needed Everywhere:
More transactions require PAN. Even high-value purchases tracked.
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8. Who Will Be Impacted?
Salaried, investors, NRIs, seniors. Employers & high earners too.
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What You Should Do NOW:
Review salary & tax regime. Track PAN, verify TDS, update HRA details.
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