The Economic Times

Earning Rs 1525 lakh? Draft Income Tax Rules 2026 could make the old tax regime more rewardingheres how to cut your income tax bill

Draft Income-tax Rules 2026 propose increased allowance limits, potentially allowing taxpayers under the old regime to pay significantly less tax. Calculations suggest substantial savings for salaries of Rs 15 lakh, Rs 20 lakh, and Rs 25 lakh compared to the new tax regime, if these changes are approved.