Income Tax, GST, UPI, pension schemes: Key changes from today
Deccan Herald [
Bengaluru
]
Apr 1, 2025 | Page No.: 10 | Position: Middle Center | Source: Gyanendra keshri | Sq Cm: 314 | AVE: 377012 | PR Value: 1885060
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Income Tax GST UPI pension schemes Key changes from today quire multi-factor authenti- cation E-way bills can now be Host of rate revisions from generated only on those docu- ments that are not more than April 1 including higher toll tax 180 days old Hotels that have a room tariff of more than Rs 7 500 per day will be consid- ered as Specified Premises Restaurant services provided GYANENDRA KESHRI Finance Minister Nirmala in such hotels will attract 18 NEW DELHI DHNS Sitharaman in the Union Bud- GST but will get the benefit of get presented in the Parliament input tax credit With the beginning ofthe on February 1 Parliament approved these tax-related changes last week • new financial year on Both houses of parliament Other changes April 1 a series of reg-- Lok Sabha and Rajya Sabha tern called Unified Pension Pension Scheme NPS Major banks including State ulatory and financial changes - last week approved these Scheme UPS for central gov- Bank of India SBI Punjab Na- like new income tax slabs and tax-related changes as a part of ernment employees will be- UPI tional Bank PNB and Canara rates unified pension scheme the Finance Bill 2025 come operational from April 1 The National Payments Cor- Bank have announced revision and norms for deactivation of These changes will be reflect- Theschemewas announced last poration of India NPCI has in their minimum balance re- UPI come into effect that will ed in the Income Tax Returns year in August Through a ga- decided to implement new quirements for customers In- impact taxpayers salaried indi- for Financial Year 2025-26 or zette notification dated March measures to enhance security dividuals who have not linked viduals and consumers across Assessment Year 2026-27 The 19 the Pension Fund Regulato- of digital transactions through their PAN with Aadhaar will the country new tax rates will be applicable ry and Development Authority the unified payments interface not be able to receive dividend Under the new income tax on income earned from April 1 PFRDA has announced its UPI The NPCI has directed payouts on their stock market rules individuals earning up 2025 to March 31 2026 It will operationalisation with effect payment apps like Paytm Pho- investments For such individ- to Rs 12 lakh in a year will not be reflected in the Income Tax from the first day of 2025-26 nePe and GooglePay to phase uals TDS will be deducted at be required to pay income tax Return to be filed post April financial year out inactive numbers higher rates With a standard deduction of 2026 till due date Usually the The UPS is open to the cen- Meanwhile the NHAI will Rs 75 000 the annual tax free due date to file an income tax tral government employees GST implement from April 1 an income for salaried individuals return for individuals is July 31 who have joined service on or Multiple changes have come increase in toll tax ranging will be up to Rs 12 75 lakh after January 1 2004 They into effect in the Goods and from Rs 5 to Rs 25 mostly These income tax-related Unified Pension Scheme will also have the option to Services Tax GST system in northern and eastern changes were announced by A new retirement benefit sys- continue with the National The GST portal will now re- national highways