As the new financial year begins today, several financial changes come into effect. Many of these were announced in recent months, including key income tax revisions introduced by Finance Minister Nirmala Sitharaman in the latest Union Budget.
What Financial Changes Come Into Effect Today?
From today, notable changes include income tax exemption on annual earnings up to Rs 12 lakh, deactivation of UPI for long-unused mobile numbers, and the suspension of dividend payouts for those who haven’t linked PAN to Aadhaar.
New Income Tax Rules Live: Tax Relief, UPI Deactivation And More From Today
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