Rule Change From 1st April: Every month starts with many big financial changes in the country and the first date of the next month starting as a new tax year i.e. 1st April 2025 is also going to start with many big changes.
The month of March is about to end and the new tax year is about to begin. Like every month, 1 April 2025 is also going to start with many big changes (Rule Change From 1st April). These changes are going to affect everything from the prices of LPG cylinders used in your kitchen to your bank account. At the same time, if you use credit cards of other banks including SBI, then the rules related to it are also going to change. Let us know in detail about these big changes to be implemented from April 1st…
LPG Prices
On the first of every month, oil and gas distribution companies revise the prices of LPG cylinders and changes can also be seen in them on April 1, 2025. While the prices of 19 kg LPG cylinder have seen a rise and fall in the recent past, the prices of LPG cylinders have remained the same for a long time. In such a situation, with the beginning of the new financial year, people are expecting a relief change in the prices of 14 kg cylinders.
Apart from this, apart from the prices of CNG and PNG, the price of Air Turbine Fuel i.e. ATF is also revised and changes can be seen in them on 1 April 2025. While the fluctuations in the prices of CNG will increase or provide relief in the expenditure on your vehicle, the increase in the prices of ATF can make air travel expensive.
Credit Card Rules:
From April 1, 2025, the rules of credit cards are also changing (Credit Card Rule Change), which will affect the rewards and other facilities available on them. On one hand, SBI will reduce the Swiggy rewards on its SimplyCLICK credit card from 5 times to half. On the other hand, Air India Signature Points will be reduced from 30 to 10. Apart from this, IDFC First Bank is going to stop the benefits of Club Vistara Milestone.
This change related to bank account:
From the first of April, many banks including State Bank of India (SBI) and Punjab National Bank (PNB) are going to revise the rules related to minimum balance in the savings account of customers. The bank will set a new limit on sector wise basis for the minimum balance of the account holder and a fine can be imposed in case the minimum balance is not in the account.
These UPI accounts will be closed from April 1.
The next change is related to UPI and the UPI accounts linked to mobile numbers which are not active for a long time will be removed from the bank records. If your phone number is linked to the UPI app and you have not used it for a long time, then its services can be stopped.
Tax related changes
In Budget 2025, the government made many big announcements giving relief to the middle class, which included changes in tax slabs, TDS, tax rebate and other things. At the same time, a new Income Tax Bill was proposed in place of the old Income Tax Act 1961. All these changes are going to come into effect from April 1, 2025. Under the new tax slab, individuals earning up to Rs 12 lakh annually will be exempted from paying tax. Apart from this, salaried employees will be eligible for a standard deduction of Rs 75,000. This means that salary income up to Rs 12.75 lakh can now be exempt from tax. However, this exemption applies only to those who choose the new tax option.
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