New Delhi, April 09: The new financial year 2026–27 will begin from April 1. From that day, several revised rules will come into effect across the country. Changes will range from LPG price revisions to FASTag annual passes.
Key Changes:
Income Tax:
A new income tax system will replace the existing Income Tax Act 1961. The new rules are expected to be shorter and written in simpler language.
PAN Card:
For PAN card applications, only Aadhaar will be accepted as proof. Class 10 certificates and passports will no longer be mandatory.
Railway Tickets:
Ticket cancellation rules will become stricter. No refund will be given if tickets are canceled within 8 hours before the train’s departure.
LPG Prices:
Oil companies will continue revising LPG and aviation fuel prices on the first day of every month.
FASTag:
The annual pass charge for FASTag is set to increase from ₹3000.
Labour Codes:
The central government will implement new labour laws under four labour codes. This may reduce take-home salary, but employees are likely to receive higher gratuity benefits.
Gold Bonds Tax:
Capital gains tax on Sovereign Gold Bond (SGB) will be लागू from April 1.
ATM Charges:
Changes in ATM usage rules by Bandhan Bank and Punjab National Bank will come into effect.
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