New Rules From 1 October: The month of September is over and October has started from today. From October 1, many rules related to the pocket and life of the common man have changed. In such a situation, you should know about the changes in these rules, what new changes are going to happen from October 1. Actually, from October 1, many big changes are going to happen including the rules of Sukanya Samriddhi Yojana, Aadhar Card, HDFC Bank Credit Card.
Toll Tax
Travelling on Yamuna Expressway has become expensive from October 1. Toll rates on Yamuna Expressway have been increased from today. In the new increased rates, Rs 247.50 will be charged for two-wheelers, three-wheelers and registered tractors. At the same time, Rs 486.75 will be charged for cars, jeeps, vans and light vehicles and Rs 1,542.75 will be charged from buses and trucks.
Minimum Wage Rate
Before festivals like Dussehra and Diwali, the central government has announced to increase the minimum wage rates by updating the Variable Dearness Allowance (VDA) of workers working in unorganized sectors. After the amendment, the minimum wage rate in sector “A” for workers in construction, cleaning, cleaning, loading and unloading for unskilled work will be Rs 783 per day (Rs 20,358 per month), Rs 868 per day for semi-skilled (Rs 22,568 per month), Rs 954 per day (Rs 24,804 per month) for skilled, clerical and unarmed watch and ward and Rs 1,035 per day (Rs 26,910 per month) for highly skilled and watch and ward with weapon has been fixed.
PPF
Last month, the Department of Economic Affairs, Ministry of Finance issued guidelines for regularizing the Public Provident Fund (PPF). These guidelines are going to be implemented from October 1, 2024. From the beginning of next month, PPF accounts opened in the name of minors will get savings account interest until they turn 18. On the other hand, if you have more than one PPF account, then only one account will get interest as per the rate of the scheme. Apart from this, no interest of any kind will be paid on the amount deposited in other PPF accounts.
TDS
In the General Budget-2024, Union Finance Minister Nirmala Sitharaman had announced changes in the rules of Tax Deducted at Source (TDS), which are coming into effect from October 1. Now if you are earning more than Rs 10,000 in a year from central or state government bonds, then you will have to pay 10 percent TDS.
STT
From October 1, the new rate of Security Transaction Tax (STT) on futures and options (F&O) in the stock market will be applicable. Now 0.1 percent STT will be levied on the premium on the sale of options, which was 0.0625 percent earlier. At the same time, 0.02 percent of the traded price will have to be paid as STT on the sale of futures, which was 0.0125 percent earlier.
BSE/NSE Transaction Charges
The country’s leading stock exchanges BSE has made changes in its transaction charges for cash and F&O deals. BSE has revised the transaction tax for Sensex and Bankex options contracts in the equity F&O segment to Rs 3,250 per crore premium turnover. At the same time, the transaction charge in Sensex 50 and stock options is Rs 500 for every one crore rupees premium turnover value. At the same time, NSE has also changed the transaction charge for different segments from October 1. In cash, a charge of Rs 2.97 will be levied on every trade value of Rs 1 lakh on both sides for a trade value of Rs 1 lakh. Apart from this, in equity futures, a charge of Rs 1.73 per lakh trade value will be levied on both sides for a trade value of Rs 1 lakh. At the same time, a charge of Rs 35.03 per lakh will be levied on a premium value of Rs 1 lakh in equity options. Along with this, a charge of Rs 0.35 will be levied on both sides on the trade value of Rs 1 lakh on currency futures.
Bonus Shares
New rules on bonus share credit will be applicable from October 1. Bonus shares will be credited soon and trading will begin in it. Trading in bonus shares will begin only 2 days after the record date. New rules on bonus share credit will be effective from October 1.
Sukanya Samriddhi Yojana (SSY)
From October 1, only the legal guardians of daughters will be able to operate their accounts under Sukanya Samriddhi Yojana. According to the new rule, if a person has opened a Sukanya Samriddhi Yojana account for a daughter and he is not her legal guardian, then he will have to transfer this account to the legal guardian or parents of the daughter.
HDFC Credit Card
New rules will also be applicable for HDFC credit cards from October 1. If you use HDFC Bank credit card, then a limit has been set on redeeming reward points for Apple products on the SmartBuy platform, due to which cardholders will be able to use these reward points only once in a month.
Aadhaar Card
There is going to be a change in the rules related to PAN-Aadhaar from October 1, 2024. Aadhaar enrollment ID cannot be mentioned in the application form for PAN allotment and income tax return. The government has taken this step to prevent duplication.
