Today is the last day of March and tomorrow i.e. from 1st April 2025, the new tax year is going to start. Like every month, from the first day of the month, many big changes (Rule Change From 1st April) will also be implemented in the country, whose effect can be seen on every home and every pocket.
These changes will be seen on LPG cylinder prices, your bank account, debit card to credit card. Not only this, traveling on the highway can also become expensive, because toll tax is going to increase on many routes. Let us know in detail about 10 such big changes…
First change- 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.
Second change – CNG-PNG and ATF prices
Apart from the prices of LPG cylinders, the prices of CNG and PNG (CNG-PNG Price) can also see revision from the first date. At the same time, companies can also change the price of Air Turbine Fuel i.e. ATF on April 1, 2025. While the fluctuations in CNG prices will increase or provide relief in the expenses on your vehicle, the increase in ATF prices can make air travel expensive.
Third change – These UPI IDs will be closed
from April 1, 2025 The next change is related to Unified Payments Interface i.e. 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.
Fourth change – New rules of Debit Card
Some major updates are going to be made in RuPay Debit Select Card, which will be applicable from April 1, 2025. This includes fitness, wellness, travel and entertainment. Talking about the updates, there will be a complimentary domestic lounge visit in a quarter and two international lounge visits in a year in selected lounges. Apart from this, personal accident cover of up to Rs 10 lakh will be available for death or permanent disability in an accident. At the same time, one free gym membership will be available every quarter.
Fifth change – Launch of UPS
With the start of the new tax year, the Unified Pension Scheme (UPS), which gives guaranteed pension to central employees, is going to be launched from April 1. Central government employees will be able to apply on the portal from April 1. If the employee wants to get pension under UPS, then he will have to fill the claim form to select the UPS option. If they do not want to choose UPS, then they can choose the option of NPS. Under this, 23 lakh central employees will have to choose one option between UPS and NPS. The central government will also provide an estimated 8.5% additional contribution (basic salary + dearness allowance) of all employees choosing the UPS option. The minimum pension under UPS will be Rs 10,000 per month, which will be given on completion of a minimum of ten years of service by UPS.
Sixth change – Rules related to tax slab
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.
Seventh change – Increase in TDS limit
Apart from this, TDS regulations have also been updated, in which the limits have been increased in various sections to reduce unnecessary deductions and improve cash flow for taxpayers. For example, the TDS limit on interest income for senior citizens has been doubled to Rs 1 lakh, increasing financial security for the elderly. Similarly, the exemption limit on rental income has been increased to Rs 6 lakh per annum, which has reduced the burden for landlords and can boost the rental market in urban areas.
Eighth change – Credit card rules
are also changing from April 1, 2025 (Credit Card Rule Change), which will affect the rewards and other facilities available on them. On one hand, SBI will reduce the Swiggy reward on its SimplyCLICK credit card from 5 times to half. So 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.
Ninth change – 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.
Tenth change – Increase in Toll Tax
The National Highway Authority (NHAI) may increase the toll tax rates from midnight of today i.e. 31 March, which can have a direct impact on your highway travel. If reports are to be believed, NHAI has issued an order to implement the increased rates at various toll plazas from April 1. According to this, the toll for light vehicles on the highway passing through Lucknow can be increased by Rs 5. At the same time, this increase can be from 20 to 25 rupees for heavy vehicles. These new rates can be implemented at many toll plazas located on busy highways like Lucknow-Kanpur, Ayodhya, Rae Bareli and Barabanki. Apart from this, passengers passing through Delhi-Meerut Expressway, Eastern Peripheral Expressway and NH-9 may also have to pay more money as toll tax.
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