Higher income tax for salaried people for using company car: Taxable perquisite value to increase under the draft Income Tax Rule, 2026

New draft Income Tax Rules for 2026 significantly increase the taxable value of company-provided motor cars. These changes, affecting both old and new tax regimes, will lead to higher income tax for employees using employer-provided vehicles for mixed or personal use, with revised perquisite values now reflecting current economic realities.