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With the new financial year 2026–27 (FY27) beginning April 1, several major financial and regulatory changes are set to come into effect across India. These updates will directly impact the daily lives of common citizens—from income tax rules and salaries to LPG prices and railway bookings.

Here are 10 important rule changes you must know:

1. Major Income Tax Overhaul
A new Income Tax Law, 2025 will come into effect, replacing the decades-old 1961 Act. Taxpayers, especially salaried individuals, may need to reassess whether the old or new tax regime is more beneficial due to revised exemptions and allowances.

2. Possible Drop in Take-Home Salary
With the implementation of new labour codes, companies may be required to keep at least 50% of an employee’s salary as basic pay. This could increase PF contributions and reduce take-home salary.

3. Mandatory Investment Proof Submission
Salaried employees must submit investment proofs such as rent receipts, insurance premiums, and home loan interest certificates. Failure to do so may result in higher TDS deductions.

4. New Credit Card Rules

Changes under the Income Tax Law aim to increase transparency in credit card usage. PAN linking and monitoring of high-value transactions will become stricter, especially impacting high spenders and frequent international travelers.

5. FASTag Charges to Change

New toll charges and FASTag annual pass rates will come into effect from April 1. Frequent highway users should recharge before the deadline to benefit from current rates.

6. LPG Cylinder Price Revision

As per the monthly revision cycle, LPG cylinder prices may change on April 1 depending on global crude oil prices and currency fluctuations.

7. PAN Card Rules Get Stricter

Applying for a PAN card will now require additional documentation beyond Aadhaar. The process is expected to become more secure but slightly more complex.

8. Railway Ticket Cancellation Costlier

Indian Railways is revising cancellation and refund rules. Last-minute cancellations may result in lower refunds, making it more expensive for passengers.

9. E20 Fuel Implementation

From April 1, petrol across India will contain 20% ethanol (E20). This move aims to reduce pollution and crude oil imports, though older vehicles may see a slight dip in mileage.

10. Debit Card Withdrawal Limits Reduced

Punjab National Bank (PNB) will reduce daily cash withdrawal limits on select debit cards to Rs.50,000–Rs.75,000, down from Rs.1 lakh earlier. This step is aimed at promoting digital transactions and enhancing security.