The Economic Times

Rs 20 LPA salary? Save up to Rs 1.25 lakh under old tax regime as per new draft income tax rules 2026

Proposed 2026 Income Tax Rules could significantly benefit salaried individuals under the old tax regime. Key changes include expanded HRA exemptions for cities like Bengaluru and Hyderabad, potentially lowering tax liabilities. For a Rs 20 lakh salary, these revisions might offer substantial savings compared to the new tax regime, making the old system more attractive for many.