Every year with the beginning of the new financial year, many rules change, and the same is going to happen from 1 April 2025. The changes this time will not only affect your pocket, but will also affect your everyday life. These include important aspects such as LPG cylinder prices, UPI services, tax slabs, and credit card reward points.
The purpose of these changes is to make the financial system more effective and provide better services to citizens. Let us know what these changes are and what will be the effect on you.
Details of main changes
1. Changes in LPG cylinder prices
Oil companies review the LPG cylinder prices on the first date of every month.
- Prices of both domestic and commercial gas cylinders may increase or decrease.
- This change depends on the price of crude oil in the international market and the exchange rate of dollars.
- Common consumers hope that the prices of domestic cylinders will get relief.
2. Changes in UPI services
The National Payments Corporation of India (NPCI) has implemented new rules to make UPI services more secure.
- UPI accounts connected to inactive mobile numbers will be discontinued for a long time.
- Users will have to update their mobile number, otherwise they will not be able to use UPI services.
- This step has been taken to make digital transactions safe.
3. New Tax Slab
A new tax system has been implemented for 2025-26.
| Income limit (annual) | Tax rate (%) |
| Up to ₹ 12 lakhs | Zero |
| Up to ₹ 12.75 Lakh | Zero after standard cuts |
- Now there will be no tax on income of up to ₹ 12 lakh.
- A standard deduction of ₹ 75,000 will be given for salary individuals.
4. Changes in credit card reward points
Large changes have been made in reward points and features for credit card holders.
- The swiggy rewards on the SBI simplyclick card will be reduced to half.
- Milestone benefits have been reduced on the Air India SBI Platinum card.
- The IDFC First Bank has stopped the Vistara Milestone benefits.
5. Increase in TDS Limit
Tax deduction at source (TDS) rules have been amended:
- The TDS limit on interest income for senior citizens has been increased from ₹ 50,000 to ₹ 1 lakh.
- The exemption limit on rental income has been reduced to ₹ 6 lakh per annum.
6. Positive pay system to stop banking fraud
Customers will have to verify check number, date, beneficiary name and amount for check payment of more than Rs 5000.
This step will help prevent banking fraud.
Summary of main changes
| Field of change | Description |
| LPG prices | Impact on domestic and commercial cylinders |
| UPI Services | Accounts with inactive numbers will be closed |
| Tax slab | Zero tax on income up to ₹ 12 lakh |
| Credit card | Reward points and reduction in profit |
| TDS limit | Relief to senior citizens and tenants |
| Banking fraud | Positive pay system applied |
Effect of these changes
These changes applied from 1 April 2025 will affect both the common man and businesses:
- Domestic Budget: Changes in LPG and CNG-PNG prices can directly affect domestic expenses.
- Digital Payment: Digital transactions will be more secure than UPI rules.
- Income tax: The new tax slab will bring relief for the middle class.
- Credit Card: Consumers may harm consumers due to reducing reward points.
conclusion
These rules, which come into force from 1 April 2025, are steps taken to make the financial system more transparent and safe. Although some changes can be loaded on your pocket, but many other aspects like new tax slabs and TDS exemption will also give you relief.
Disclaimer: This article is written only for informative purposes. Please seek specialist advice before any financial decision.
