New PAN Rules: Higher Limits for Your Money
The Indian government has shared a new draft for tax rules. Specifically, they want to change when you must show your PAN card. However, these new rules aim to make life easier for most people. Therefore, many daily tasks will now have less paperwork.
Add rightsofemployees.com as a Preferred Source
New Cash Deposit Limits
First, the current rule asks for a PAN for ₹50,000 in one day. Specifically, the new draft changes this to an annual limit. Then, you only need a PAN for ₹10 lakh or more in a year. Actually, this counts all your bank accounts added together. Therefore, small daily cash deals will be much faster now.
Buying Cars and Bikes
First, you used to need a PAN for any car purchase. Specifically, the new rule sets a price floor of ₹5 lakh. Then, you can buy a cheap car or bike without a PAN. Actually, this helps many middle-class buyers save time. Therefore, the focus is now on high-value luxury cars only.
Hotel and Event Bills
First, the old limit for hotel bills was ₹50,000. Specifically, the government wants to double this to ₹1 lakh. Then, you can pay for big family dinners with less fuss. Actually, this also applies to booking halls for weddings or parties. Therefore, the travel and food sector may see more growth.
Property and Insurance News
First, the limit for home deals will rise to ₹20 lakh. Specifically, this is up from the old ₹10 lakh mark. Then, there is a new rule for buying insurance policies. Actually, you must share your PAN to open any new insurance account. Therefore, the tax office can track large wealth plans more easily.
[Table: PAN Rule Comparison – Old vs 2026]
| Transaction | Current Limit | New 2026 Limit |
| Cash Per Year | Daily Check | ₹10 Lakh |
| Vehicle Buy | Every Car | Above ₹5 Lakh |
| Hotel Bills | ₹50,000 | ₹1 Lakh |
| Home Deals | ₹10 Lakh | ₹20 Lakh |
Reality Check
Reality Check: These rules are part of the new Income Tax Act 2025. Still, the goal is to stop black money while helping the common man. In fact, most people will find their bank visits much simpler. Therefore, the government is using tech to track big spenders instead of small ones. Recently, experts have praised these moves for being very fair. Now, we wait for the final rules in March.
The Loopholes
The Loopholes: These rules are still in the draft stage today. Actually, the public can share their ideas on them until late February. In fact, the final rules may change slightly based on this feedback. Therefore, you should wait until April 1, 2026, for the official start.
What This Means for You
Recently, tax laws have become more focused on big data. Now, you should keep your PAN linked to all your main bank accounts. First, check if your car or bike buy fits the new limit. Then, see if your property deal can wait until the new rules start. Next, make sure your insurance accounts have your correct PAN details. Indeed, staying on top of these rules will save you a lot of stress.
Next Steps
Check our full guide on the new Income Tax Slabs for 2026. Then, read about the new rules for claiming HRA in big cities. Would you like me to find the form for sharing your feedback with the tax office?
LATEST :-
- EPFO Interest Credit Explained: Earn ₹52,000 on Your PF Balance
- Zero Tax Income: How to Pay Nothing on ₹14.66 Lakh in 2026
- How to Apply for Aadhaar for a Child Below 5 Years
- Draft Income-tax Rules 2026: New Forms and Simplified Filing
- AUMOVIO Layoffs 2026: 1,000 Tech Jobs Cut in India GCC
- Supreme Court Alimony Ruling: Wife Gets House and Monthly Pay
- India’s New AI Rules 2026: 3-Hour Deadline for Deepfake Removal
Add rightsofemployees.com as a Preferred Source
