# @financewizardcl on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DU3NcqiiUPt
- **Gondola URL:** https://gondola.cc/posts/59780644-financewizardcl-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/945a958b92.jpg
- **Posted:** 2026-02-17T14:38:19.000+00:00
- **Account Owner:** Chandralekha Mittemari Ravikumar (@financewizardcl) — https://gondola.cc/financewizardcl

## Caption

Income Tax Rules 2026: What Changes for Salaried Employees (DRAFT)

1️⃣ Children Education & Hostel Allowance
Education allowance proposed to increase from ₹100/month to ₹3,000/month.
Hostel allowance proposed to increase from ₹300/month to ₹9,000/month.
Higher tax-free benefits under the old regime if implemented.
2️⃣ Meal Allowance
Limit may increase from ₹50 per meal to ₹200 per meal.
Potential tax savings for high-tax-bracket employees due to higher exempt value.
3️⃣ Non-Cash Gifts & HRA Updates
Non-cash gift exemption proposed to rise from ₹5,000 to ₹15,000 annually.
More cities like Bengaluru, Hyderabad, Pune, and Ahmedabad may qualify for higher HRA exemption calculations.
4️⃣ Company Car & Medical Benefits
Higher perquisite valuation for company cars could slightly increase taxable salary.
Medical treatment abroad may become tax-free for income up to ₹8 lakh instead of ₹2 lakh.
5️⃣ PAN Card Rules for High-Value Transactions
New draft limits proposed for vehicles, hotels, insurance, property deals, and cash withdrawals.
PAN requirement thresholds likely to change significantly.
6️⃣ Important Reminder
These are draft rules released by the Income Tax Department.
Not implemented yet and expected from 1 April 2026 if approved.
Swipe through for full details.
Save this for April reference and share with your colleagues.

#IncomeTax #Personalfinance #Tax #finance

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## Tags

personalfinance, incometax, finance, tax

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