Allowances & Perquisites under OLD tax regime for 1.04.2026
Allowances & Perquisites under Income‑tax Rules, 2026 for OLD tax regime The Income‑Tax Rules, 2026, notified by the Central Board of Direct Taxes and effective from 1 April 2026, do introduce major revisions in the valuation and exemption limits of certain allowances and perquisites, mainly under the OLD tax regime. Central Board of Direct Taxes …