Financial rules are changed from April 1, 2025.

Financial rules are changed from April 1, 2025. Several important changes have been made in tax and financial rules, which will be effective. If your annual income is up to Rs 12 lakh, then the income tax is free. And the individual will get a salaried standard deduction of Rs 75,000, for making income up to Rs 12.75 lakh get tax-free under the new system.

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Financial rules are changed from April 1, 2025.Here are 10 major financial changes this year, from the start of April.

From April 1, 2025, the new financial year begins with several changes in tax and financial rules. These changes will impact taxpayers, investors, and everyday banking users.

Here are 10 major financial changes this year, from the start of April.

Higher tax exemption limit

As of April 1, 2025, a new financial year has started, rules of this year have changed for the taxpayers. If the annual income of an individual is up to Rs 12 lakh, they don’t have to pay any income tax. Under the new tax system, compensated individuals will get a standard deduction of Rs 75,000, to make income up to Rs 12.75 lakh with no tax.

UPI ID deactivation for inactive numbers

The NPCI will be deactivating the UPL IDs linked with the mobile number, which are been not use for a longer period to improve security. Those who still have a UPI account linked with the old or inactive number, have to update it before April 1 to avoid deactivation of your account.

New Unified Pension Scheme (UPS)

The New Unified Pension Scheme for central government employees will start on April 1. It is for the central government employees, who are now under the National Pension System (NPS). The employees who worked for at least 25 years of service will get 50% of their average basic salary as a pension.

Changes in Pan-Aadhaar card rules updation.

In the new rule, one who has not linked their PAN with an Aadhaar card before March 31, 2025, will not receive any dividend income. TDS will be increase and no credit is provided in Form 26AS.

Changes in GST rules

The changes to enhance the security, multi-factor authentication will be mandatory on the GST portal. E-way bills are now only generated on documents that are less than 180 days old.

Changes in minimum balance requirement

If you do not maintain the required balance in your account, you will have to face a penalty from April 1. This applies to big banks like the State Bank of India, Punjab National Bank, and Canara Bank, which are updating the minimum balance requirement.

KYC is mandatory for Mutual Funds and Demat accounts

KYC verification is now compulsory for mutual and demat account holders. Along with that, nominee details will also be re-verified.
Changes in priority sector lending

Under Priority Sector Lending, home loan borrowers can profit from higher loan limits. Borrowers can get up to Rs 50 lakh in metro cities, Rs 45 lakh in Tier-2 cities, and Rs 35 lakh in small cities.

Positive pay system for cheques

Bank will implement a Postive Pay System to prevent cheque fraud. If the cheque is of Rs 50,000 or more, the depositor should digitally provide its details to the bank for verification before it gets cleared, sp that the cheque will not get into fraud hands.