Rules Change: The new business year will start from 1 April 2024. With the new business year, many rules related to money will change at the beginning of the new month. Let us tell you that from April 1, many rules related to Fastag, National Pension System (NPS), Tax, SBI Credit Card will change. Let us know which financial rules are going to change in April.
Rules change from 1 April 2024: The new business year will start from 1 April 2024. With the beginning of the new business year and the fourth month of 2024, there will be changes in many financial rules.
Let us tell you that many financial rules change at the beginning of every month. These financial rules have a direct impact on the general public. Today we will tell you which financial rules are changing from April 2024.
Fastag KYC is mandatory
The rules related to Fastag are changing from April 1, 2024. If you do not update Fastag KYC by March 31, 2024, you may face problems from next month.
Actually, the bank will deactivate Fastag without KYC. This means that even if there is balance in Fastag, payment will not be made through it. NHAI has made Fastag KYC mandatory.
PAN-Aadhaar link
It has been made mandatory to link PAN Card with Aadhaar Card. The deadline for linking PAN with Aadhaar (Pan-Aadhaar Link) is 31 March 2024. If PAN is not linked to Aadhar card then the PAN number will be cancelled.
That means PAN will not be used as a document. For linking PAN with Aadhaar after April 1, the user will have to pay a penalty of Rs 1,000. To avoid penalty, the user should link his PAN card with Aadhaar by March 31, 2024.
EPFO’s new rule
EPFO rules are also going to change from April 1, 2024. Actually, Employees Provident Fund Organization is going to implement the new rule from next month. According to this rule, now after changing job, the PF account will be transferred in auto mode.
This means that now the user will not need to give a request to transfer the account. After the implementation of this rule, the problems of the users will be reduced to some extent.
SBI Credit Card
Those users who have SBI Credit Card, let them know that there is going to be a change in the rules of Credit Card from April 1, 2024.
If you make rent payment through SBI credit card, then let us tell you that from April 1, you will not be given any reward point on rent payment. This rule will be valid on some credit cards from April 1, while on others it will be applicable from April 15, 2024 onwards.
LPG gas price
LPG Cylinder Price is updated across the country on the first of every month. LPG prices will also be updated on April 1, 2024.
However, the possibility of change in their prices between Loksabha Election 2024 is very less.
New tax regime
If the taxpayer has not yet selected the tax regime, then he has only a few days left. Actually, from April 1, 2024, the new tax regime will become the default tax regime.
That means the taxpayer will automatically have to pay tax as per the rules of the new tax system.
