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New Income Tax rule changes from today: Starting today (April 1), several significant financial and tax rule changes will come into effect. Many of these updates were announced in recent months, including key income tax revisions introduced by Finance Minister Nirmala Sitharaman in the latest union budget. From April 1, 2025, 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 their PAN with Aadhaar.
From updated UPI payment regulations to revised tax slabs rates, here’s a rundown of what’s new and what stays the same.
Stay tuned for all the latest related updates.Live Updates 07:29 (IST) 1 Apr 2025 New Income Tax Rules Live Updates: Maintaining minimum balance in bank accounts
Big banking changes are here! Major banks like SBI, PNB and Canara Bank have rolled out new minimum balance rules and where you opened your account — urban, semi-urban or rural — now determines how much you need to maintain.
Failing to meet the required balance? Be ready for penalties, which will vary based on your bank and account type. If you’re a customer of these banks, it’s time to check your balance rules to avoid unexpected deductions.
07:25 (IST) 1 Apr 2025 New Income Tax Rules Live Updates: Unified Pension Scheme comes into effect
The Unified Pension Scheme (UPS), introduced by the government in August 2024, is set to take effect from April 1. This scheme will be an option for central government employees currently covered under the National Pension System (NPS). Under the UPS, 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.
07:19 (IST) 1 Apr 2025 New Income Tax Rules Live Updates: UPI IDs from inactive numbers to get unlinked – Here’s what it means
Starting April 1, the National Payments Corporation of India (NPCI) will begin unlinking UPI IDs associated with inactive mobile numbers. If you use GPay, PhonePe or any UPI-based payment app, an inactive or reassigned number could prevent you from completing transactions.
What does this mean for you?
If your mobile number has been inactive for a long time,
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