New Delhi: March is the last month of the financial year and is now in its final stage. Two days later, the new financial year will start, which will be very special for everyone, from ordinary people to working professionals. From April 1, 2025, many significant rules will change, proving to be very special for everyone.
These rules include the banking system for TDS. The government can also increase the TDS limit. Apart from this, some more ATM-related changes can also be seen. What significant changes will happen from the first date of the financial year? You can quickly know all this in detail, where all the confusion will end. To do this, read the article carefully to the end.
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Positive Pay System can be implemented.
Do you know that many banks can implement the Positive Pay System from the first day of the new financial year? If any person makes a check transaction of more than Rs 5000, then in such a case, the check number, date, payee’s name, and amount can be verified. This will reduce fraud in money-related matters.
LPG, CNG and PNG prices may be reduced
According to government rules, oil companies change the prices of LPG, CNG and PNG on the first day of every month. Therefore, the LPG, CNG and PNG prices may change on April 1. However, nothing has been officially said whether the prices will decrease or increase.
There will be significant changes related to the ATM
Do you know some significant ATM-related changes can be seen on April 1? If media reports are to be believed, the bank can announce a reduction in the limit of withdrawing money. The cash withdrawal fee levied after the free limit can also be increased from Rs 17 to Rs 19.
A big decision can also be taken regarding TDS.
For information, let us tell you that a significant change can also be made regarding TDS. Many important changes are expected on April 1. According to media reports, the government may increase the limit for senior citizens to Rs 1 lakh. In the current situation, the TDS limit is up to Rs 50,000. Now there is a plan to double it.
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