00:00The new financial year 2025-2026 will start on April 1.
00:09With the start of the new year, many rules related to mutual funds, credit cards, UPI transactions, income tax, and GST will change.
00:17This will affect investors, taxpayers, and ordinary people.
00:20So if you are associated with mutual funds, credit cards, UPI transactions, or income tax,
00:25then it is very important for you to know about these changes in the rules.
00:29SEBI has changed some rules related to investment in mutual funds, which will be applicable from April 1, 2025.
00:36It will be necessary to invest the fund accumulated under the new fund offer, i.e. NFOs, within 30 business days.
00:43If an asset management company is unable to invest in this duration,
00:47then it can get 30 more days and extra time from the approval of the Investment Committee.
00:53If there is no investment within 30 days, the AMC will be stopped from taking new investments
00:58and investors will get permission to exit without any penalty.
01:01SEBI has started a category called Specialized Investment Funds, i.e. SIFs,
01:07which will be the link between mutual funds and portfolio management services.
01:11It will require at least Rs. 10 lakhs for investment.
01:14Only the AMC can launch it, whose average asset under management has been more than Rs. 10,000 crores in the past 3 years.
01:22From April 1, investors will be able to store and access their Demat and Mutual Fund holding statements digitally in DigiLocker.
01:29This will reduce the problem of unclaimed assets and it will be easier for the nominee to access the assets.
01:35A new tax slab will be implemented from April 1.
01:38The government has increased the limit of tax-free income from Rs. 7 lakhs to Rs. 12 lakhs under the new tax framework,
01:44which will benefit middle-class taxpayers.
01:48The new tax slab will be something like this in the new tax regime.
01:51no taxes on income up to 4 lakhs
01:534 lakhs to 8 lakhs income has a tax of 5%
01:568 lakhs to 12 lakhs income has a tax of 10%
01:5912 lakhs to 16 lakhs income has a tax of 15%
02:02for 16 lakhs to 20 lakhs income a tax of 20%
02:0520 lakhs to 24 lakhs income a tax of 25%
02:07and for 24 lakhs income up to 30%.
02:11Meanwhile, businesses that have an annual business of 10 crores or more since 1st April,
02:18they will have to upload an e-invoice within 30 days on the invoice registration portal.
02:23Earlier, this rule was applicable only to businesses with a business worth more than Rs 100 crores.
02:29On the other hand, from April 1, 2025, the National Pension Scheme, i.e. the Unified Pension Scheme will be implemented under NPS.
02:36And this scheme will guarantee guaranteed pension to central workers.
02:40Employees who have been in service for at least 25 years will get 50% of their average basic salary in the form of pension for the past 12 months.
02:49In addition, NPCI has instructed banks and payment service providers to update their database by March 31, 2025.
02:57Those mobile numbers that have been stopped for recycling have been instructed to remove them.
03:02If your mobile number has been shut down under the rules of the telecom department, then your bank and UPI app can remove it from their records.
03:10This can affect UPI services.
03:13Therefore, make sure that your bank account is linked to an active mobile number.
03:18On the other hand, many banks are also changing the rules related to credit cards from April 1.
03:22SBI simply clicked credit cards and rewards points on Swiggy will now be 5 times instead of 10 times.
03:28But Mantra, Bookmyshow, and Apollo 24x7 will continue to get 10x reward points.
03:34Air India's ticket booking from SBI Platinum Credit Card will reduce the points from 15 to 5 out of 100.
03:43There will be no new milestone benefit for the ID by First Bank Club Vistara Credit Card.
03:48So these are some rules that will change from April 1.
03:51So if you haven't updated all of them yet, then update them as soon as possible.
03:55And keep watching Good Returns for such updates.
03:58Don't forget to like and subscribe to our channel.
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