These financial changes will happen as of April 1, the connection is directly from you, know everything here – eSHOP24X7

The new financial year 2025-26 began as of April 1. It also comes with many types of financial changes. Decisions taken by the Government until March 31 enter into force as of April 1. It also has a direct relationship with you. The effect of new decisions on their financial affairs is observed. In this new financial year as of Tuesday, you will feel many changes in the rules related to the new Income Tax, the UPI, the hotel room, the mutual funds. You must pay special attention to this.

New Income Tax Slab applicable as of today

The new tax slab announced by the Minister of Finance of the Union, Nirmala Sitharaman, in the 2025-26 budget will be implemented as of Tuesday, that is, as of April 1. There will be no income tax on the annual income of up to RS 12 Lakh under the new tax regime in the budget. There will be a standard RS 75,000 deduction for salary class. That is, the annual salary of up to RS 12.75 Lakh will be tax free.

These UPI -related rules changed

The National Payments Corporation of India (NPCI), which operates UPI, has published new guidelines to make UPI transactions safer. As of April 1, the UPI identification related to these numbers will be deactivated, which have been assigned again. If the link to the mobile phone number has been ID UPI for a long time and is not using it for a long time, then this UPI account will not be accessed.

Change in the credit card reward point

The changes are implemented today with respect to the reward points on selected credit cards. For example, SBI Simpliclic and Air India SBI Platinum credit card holders can see a new rewards structure. In addition, due to the fusion of Air India and viewed, Axis Bank will also be reviewed in the benefits of Viewa’s credit card.

Unified Pension Plan

The Unified Pension Plan (UPS) announced by the Indian government will be implemented as of April 1. This is an option for central government employees already covered by the National Pension System, that is, NPS. In this, government employees who turn 25 years or more will obtain 50% of the average basic salary of the last 12 months as a pension.

Hotel and GST room rate

As of April 1, if the rate of your hotel room will have more than RS 7,500 per day in any financial year, then 18% GST will have to be paid for the restaurant services offered in these hotels, although the entry tax credit will obtain the benefit.

If there is no Pan-Aadhaar link, then this loss will happen

As of April 1, investors will have to wash their hands with dividend income, which will not have links to Pan and Aadhaar. In addition, TDs will also increase and no credit will be given in form 26.

Mutual funds and demat kyc are required

As of April 1, 2025, KYC has become necessary for mutual funds and Demat accounts. All nominees will be reverified.

Positive payment system for check authorization

As of April 1, a positive salary system has been implemented to avoid bank fraud. For a check payment of more than RS 50,000 as of today, the holder of the account will have to give the details of the check electronically to the bank, which the bank will verify before the payment.

Increase the TDS limit

The TDS limit in interest income for older people has increased to RS 1 Lakh. In addition, the new TCS rates (tax collection at the source) will be implemented as of April 1, 2025. The TCS limit on foreign trips, investments and other important transactions has increased from RS 7 LAKH to RS 10 Lakh.

These GST rules will change

Multifactor authentication (MFA) has become necessary in the GST portal as of April 1. This will further strengthen security. Now only those documents will generate electronic invoices that have no more than 180 days.

The minimum balance has changed in the bank account

Many great banks, including SBI, Punjab National Bank, Canara Bank, have modified the minimum balance terms. If there is no minimum balance in the bank account, it is possible that a sanction must be given.

Latest commercial news