# @financewizardcl on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DUxWi5xiRK9
- **Gondola URL:** https://gondola.cc/posts/59780885-financewizardcl-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/4defcdb373.jpg
- **Posted:** 2026-02-15T08:05:01.000+00:00
- **Account Owner:** Chandralekha Mittemari Ravikumar (@financewizardcl) — https://gondola.cc/financewizardcl

## Caption

🇮🇳 Good news for SALARIED EMPLOYEES!

Draft Income Tax Rules 2026 – What You Need to Know

The CBDT released the Draft Income Tax Rules 2026 on Feb 7, inviting public feedback by Feb 22.
Allowances & Perquisites:
📚 Children’s education: ₹100 → ₹3,000/month
🏨 Hostel allowance: ₹300 → ₹9,000/month
🍽️ Free meals: ₹50 → ₹200 per meal
🎁 Non-cash gifts: ₹5,000 → ₹15,000/year
🚗 Car lease perquisite values significantly increased
🏥 Overseas treatment: tax-free if income < ₹8L (was ₹2L)
PAN Quoting Changes:
🏠 Property transactions: ₹10L → ₹20L
🏨 Hotel/restaurant cash: ₹50K → ₹1L
🏍️ Motor vehicles: PAN needed only above ₹5L (now includes motorcycles)
💵 Cash withdrawals: threshold reduced from ₹20L → ₹10L/year
Other Updates:
🏘️ Property SFT limit: ₹30L → ₹45L
📒 Mandatory digital bookkeeping for professionals
📲 e-Rupee (CBDC) now a valid payment mode
Effective April 1, 2026 with the new Income Tax Act, 2025. With higher exemptions, the old tax regime could benefit salaried employees — run your numbers before choosing!
💬 Submit feedback on the Income Tax Portal before Feb 22.

#Tax #personalfinance #finance #india #incometax

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## Tags

personalfinance, incometax, finance, india, tax

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