Draft Income Tax Rules, set to take effect from April 1, have changed several provisions of the Old Tax Regime and have clarified deductions, exemptions and compliance norms. A taxpayer earning ₹20 lakh annually can now save ₹1.25 lakh. This is due to changes like higher meal limits (₹50 to ₹200), gift exemptions (₹5,000 to ₹15,000) and mobile leasing benefits.