Overview
- - A cross-sector rules package taking effect April 1 will change how people in India file taxes, withdraw cash, cancel train tickets, and pay for cooking gas.
- - The Income Tax Act, 2025 replaces the 1961 law and introduces a single “Tax Year,” with a higher Section 87A rebate that leaves individuals earning up to ₹12 lakh with no income-tax liability.
- - PAN documentation tightens as Aadhaar will no longer count as proof of date of birth for PAN applications or updates, which will now require documents like a birth certificate, passport, or Class 10 certificate, and even minor PAN–Aadhaar mismatches can trigger rejection.
- - Banks will count UPI-based ATM cash withdrawals toward the monthly free limit and then charge ₹23 plus GST per withdrawal after the cap, with lenders like PNB also cutting daily card cash limits to curb fraud risk.
- - Indian Railways has doubled the zero-refund window to cancellations within 8 hours of departure, and earlier cancellations follow a stepped schedule, while LPG prices remain elevated after a ₹60 March hike and could be revised on April 1 under the extended ₹300 Ujjwala subsidy.