As the calendar turns to April 1, 2025, countless changes will affect many areas of life in India. From monetary reforms to infrastructure overhauls, these changes are designed to increase efficiency, ease and economic growth. Here is a complete overview of the top 10 changes you should know:
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10 Key Changes From April 1, 2025
- New Income Tax Tablet: The new income tax system increases the basic exemption limit from Rs 3 lakh to Rs 4 lakh. Between 1 April 2025 and 31 March 2026, individuals with total income below Rs 4 lakh are not required to file an income tax return.
- The dividend tax exemption threshold limit has been increased from Rs 5,000 to Rs 10,000, thus benefiting stock and MF investors.
- The TDS threshold for the Insurance Commission has been increased from Rs 15,000 to Rs 20,000.
- For non-yard citizens, the TDS threshold for interest income has been increased from Rs 40,000 to Rs 50,000.
The revised price is as follows:
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- Delhi: Rs 1,762 (down from Rs 1,803)
- Kolkata: Rs 1,872 (down from Rs 1,913)
- Mumbai: Rs 1,714.50 (down from Rs 1,755.50)
- Chennai: Rs 1,924.50 (down from Rs 1,965.50)
- UPI Security Check: Banks and UPI applications check and update their mobile phone number records at least once a week to avoid errors caused by recycled or changed mobile phone numbers. The UPI application will require clear and explicit consent before assigning or updating its digital UPI ID.
- Changes in GST: Generation of electronic bills and electronic invoices will require multi-factor authentication. A new input service allocator mechanism will also be implemented.
- Small loans: Under the priority industry loan specification, banks can extend their home loans up to Rs 5 million in metropolitan cities.
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With these reforms implemented, they are key to changing lives from personal financial planning to infrastructure development. While some may require upfront changes, they can promote expansion, safety, and efficiency over time. You are a taxpayer, entrepreneur, or just a regular commuter – knowing that these changes mean it can help you navigate this new landscape regardless of your affiliation.
Source: https://dinhtienhoang.edu.vn
Category: Optical Illusion