Financial Year New Rules: Implementation of New Tax Regime, Credit Card Changes and More, Check What Will Change After April 1, 2025

April 2025 New Rules: The new financial year 2025-26 began today, April 1. Along with this, many rules governing financial and non-financial services are changing. Among these, big changes to income tax and savings interest laws will be implemented, which would have a direct impact on your pocket. Apart from this, changes in UPI rules may also affect your transactions. 

New Rules From April 1, 2025

Beginning April 1, 2025, the new tax regime will be the default option, under which up to Rs 12 lakh in income will be tax-free. Salaried individuals will be eligible for a standard deduction of Rs 75,000, allowing them to earn up to Rs 12.75 lakh tax-free. The new Income Tax Bill, which replaces the old Income Tax Act of 1961, goes into effect today. Apart from this, new functions will be added to RuPay credit and debit cards beginning April 1, 2025. Additionally, the ability to link credit cards to UPI for small transactions is being expanded. Many banks may adjust their free ATM transaction limit. According to the new NPCI rule, if you haven’t used your phone number in 90 days, it can be given to someone else and you won’t be able to use it for UPI transactions.