New Income Tax Rules Highlights: Tax Relief, UPI Deactivation And More- What All Changes From Today
New Income Tax Rules Highlights: Changes include income tax exemption on annual earnings up to Rs 12 lakh, deactivation of UPI for long-unused mobile numbers and more.
As the new financial year begins today, several financial changes come into effect. Many of these were announced in recent months, including key income tax revisions introduced by Finance Minister Nirmala Sitharaman in the latest Union Budget.
What Financial Changes Come Into Effect Today?
From today, notable changes include income tax exemption on annual earnings up to Rs 12 lakh, deactivation of UPI for long-unused mobile numbers, and the suspension of dividend payouts for those who haven’t linked PAN to Aadhaar.
GST Collection Grows 9.9% To Over Rs 1.96 Lakh Crore In March
Gross GST collection in March grew 9.9 per cent to over Rs 1.96 lakh crore, government data showed on Tuesday.
GST revenue from domestic transactions rose 8.8 per cent to Rs 1.49 lakh crore, while revenue from imported goods was higher 13.56 per cent to Rs 46,919 crore.
Total refunds during March rose 41 per cent to Rs 19,615 crore.
Andhra To Collect Professional Tax From April 1: What It Means For The Salaried Class & Its Pan-India Levy
Recently, the Andhra Pradesh government assigned the Department of Commercial Taxes the responsibility of collecting professional tax starting April 01. Various states across India impose professional tax on individuals engaged in different professions, trades, and employment. The tax amount varies by state and profession. Read more
Income Tax Return (ITR) Filing 2025: Old Vs New Tax Regime, Which One’s Better For You?
Filing your Income Tax Return (ITR) for 2025? Before you do, it’s crucial to understand whether the old or new tax regime works better for you—because your choice could significantly impact your savings overall tax liability. Read more
New Income Tax Rules Live: Sensex Plunges 1,200 Points As Financial Year Begins
Indian benchmark indices traded lower on Tuesday, pressured by declines in banking and IT stocks, as uncertainty loomed over Donald Trump’s impending tariff announcement. Read more
New Income Tax Rules Live: GST Changes From Today
When logging into the GST portal online, from April 1 onwards you will have to complete their multi-factor authentication. Additionally, e-bills will only be generated for documents that are not older than 180 days.
New Income Tax Rules Live: From April 1, Changes For Mutual Fund, Demat Accounts
Starting April 1, KYC verification will be mandatory for all mutual fund and demat accounts.
New Income Tax Rules Live: Toll Taxes Up From Today
The toll prices for national highways across India are set to increase by approximately 3%, affecting various routes and toll plazas.
You Will Get Higher Salary From April: Know Key Income Tax Change In FY26
In a bonanza for salaried individuals, the government announced a significant income tax relaxation in the Union Budget 2025-26, to be implemented from April 1, 2025. As part of this, starting April 1, your annual salary up to Rs 12 lakh will become tax-free and if you earn above that, you will receive a commensurate tax reduction due to revised slabs. As a result, your salary is set to increase from April 1. Here’s everything you need to know
New Income Tax Rules FY 2025-26 Live: Unified Pension Scheme Comes Into Effect
The Unified Pension Scheme (UPS) is set to take effect from April 1. In the scheme, government employees with at least 25 years of service will receive a pension amounting to 50% of their average basic salary from the last 12 months.
New TCS Rules From April 2025: Sale Of Goods Scrapped, Higher Thresholds For LRS Among Key Changes
The Union Budget 2025 had made a lot of upward changes in thresholds of applicability of TCS (Tax Collected At Source), and those changes shall be effective from 1st April, 2025. Read more
New TCS Rules From April 2025: Sale Of Goods Scrapped, Higher Thresholds For LRS Among Key Changes
The Union Budget 2025 had made a lot of upward changes in thresholds of applicability of TCS (Tax Collected At Source), and those changes shall be effective from 1st April, 2025. Read more
New Income Tax Slabs 2025-26 Live: Latest Tax Slab Under New Tax Regime
Under the new tax regime, taxpayers earning up to Rs 12 lakh annually (Rs 12.75 lakh for salaried employees, including the standard deduction) will not have to pay any tax.
New Income Tax Rules Live: Rates Of 19kg LPG Cylinder Revised
Oil marketing companies lowered the prices of commercial LPG gas cylinders. From today, the price of a 19 kg commercial LPG cylinder has been reduced by Rs 41. In Delhi, the new retail price for a 19 kg commercial LPG cylinder is Rs 1,762.
New Income Tax Rules Live: GST Changes Coming Into Effect From April 1
These changes will be implemented in the Goods and Services Tax (GST) system from today:
Mandatory Multi-Factor Authentication (MFA): Taxpayers will be required to complete MFA when logging into the GST portal.
E-Way Bill Restrictions: E-Way bills can now only be generated for base documents which are no older than 180 days.