New Income Tax Rules India 2026: Everything You Need to Know About the New Tax System Rolling Out from April 1

The new Income Tax Rules 2026 bring major simplification with the rollout of the Income Tax Act 2025. Key highlights include extended ITR deadlines, expanded HRA benefits for Bengaluru, Pune, Hyderabad & Ahmedabad, higher exemption limits on allowances, and no change in tax slabs. Complete guide on how the new tax system affects salaried employees, investors and businesses from Tax Year 2026-27.