The most important thing is that these changes can change the way you save and spend. Here we will tell you which changes are going to be implemented from April 1.

UPI accounts will be closed

If you use UPI payment apps like PhonePe or Google Pay, it will become necessary to use these platforms regularly. From April 1, 2025, the National Payments Corporation of India will close UPI IDs that have not been used in the last 12 months. This will be done to prevent fraud and phishing scams.

Updates in the tax regime

Assessment year 2025-26 will officially begin from April 1. Now, the new tax regime has come into effect, although the previous old system (with 80C benefits) is still applicable. For this you have to opt for it.

If you do not declare the old tax regime while filing tax, you will automatically move to the new regime. If you want to claim deduction under 80C, plan your investments under 80C in advance.

PAN-Aadhaar linking is necessary for dividend

Often companies pay dividends on shares. From April 1, anyone without a PAN-Aadhaar link will not receive dividend payments. The deadline for this has expired long ago. So if these two documents are not linked, the TDS deducted from dividends and capital gains will increase. Worse still, no credit will be available in Form 26AS.

New rules for mutual fund-demat accounts

New rules made by SEBI for NBFCs regarding KYC for opening a mutual fund or demat account have come into effect. All users will have to re-verify their KYC and nominee information. Those who fail to follow these guidelines may have their accounts frozen.

These accounts can be unfrozen, but due to insufficient nominee details, redemption will be blocked.

Fuel and LPG rates

Fuel and LPG rates keep changing every month. This may happen in early April as well. However, it is not necessary that their prices change.

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The post New Financial Changes From 1 April 2025: UPI accounts of some people will be closed, PAN-Aadhar linking necessary for dividend first appeared on Rightsofemployees.com.

In a tweet, the Income Tax Department has advised people to link Aadhaar with PAN under any circumstances before June 30. The Income Tax Department said that under the Income Tax Act 1961, all PAN holders who do not fall in the exempted category are required to link with Aadhaar on or before June 30, 2023. Income Tax said to link Aadhaar with PAN today itself.

If a person does not link Aadhaar with PAN card by 30 June 2023, then the PAN card will become non-operative and he will have to bear the brunt. Under this action, refund will not be given to taxpayers having such PAN. No interest will be paid on the refund for the period the PAN remains inoperative. More TDS and TCS will be charged from such taxpayers. 

Those people who have been exempted from PAN-Aadhaar linking, this action will not be taken and they will not have to face the consequences. Those people come in this category who live in certain states, are non-residents under the Act. Also, those people who are not Indian citizens and have been over 80 years of age till last year. 

Why is it necessary to link Aadhaar with PAN? 

If PAN card is not linked with Aadhaar, you will not be able to open mutual fund, demat account, bank account, because PAN card is necessary for all these. If the PAN card is locked due to not linking Aadhaar card and PAN card, then you will not be able to take advantage of any facility where PAN card is mandatory. That’s why you have not yet linked PAN and Aadhaar card, so complete this work soon.

How to link Aadhaar and PAN card 

If you do not know how to link Aadhaar-PAN, then there is no need to worry about it. This is how you can link Aadhaar and PAN card.

Open the Income Tax e-filing portal https://incometaxindiaefiling.gov.in/.

Register on it (if not already done).

Your PAN (Permanent Account Number) will be your User ID.

Log in by entering User ID, Password and Date of Birth.

A pop up window will open to link your PAN with Aadhaar.

If the pop up window does not open then go to ‘Profile Settings’ on the menu bar and click on ‘Link Aadhaar’.

As per PAN, details like name, date of birth and gender will already be mentioned there.

Verify your Aadhaar and PAN card details.

If the details match, enter your Aadhaar number and click on the “Link Now” button.

A pop-up message will inform you that your Aadhaar has been successfully linked with your PAN.

The post PAN-Aadhar Linking: Income Tax Department’s advice, link Aadhaar with PAN before June 30 first appeared on Rightsofemployees.com.