Brief by Shorts91 Newsdesk / 06:28pm on 31 Mar 2025,Monday India
Starting April 1, 2025, several financial rule changes will impact Indian taxpayers and consumers. The new income tax structure exempts earnings up to ₹12 lakh, with a ₹75,000 standard deduction. The Unified Pension Scheme replaces the old system, benefiting 23 lakh central employees. UPI-linked inactive numbers will be deactivated, and banks like SBI and PNB will revise minimum balance requirements. Credit card reward structures will change, and GST updates will introduce mandatory multi-factor authentication. The National Payments Corporation of India (NPCI) aims to enhance security with these changes, urging users to update details to avoid disruptions. (PC: NDTV)
