Many important rules will change from April 1, 2026; decisions related to tax and PAN will have a direct impact on your pocket..

New Rules: Many significant changes are set to take effect in the lives of ordinary people from April 1, 2026. The rules announced in Budget 2026 will now be implemented on the ground. These new rules will directly impact your finances, investments, and daily activities. Therefore, you must understand these changes promptly. Let's explore the rules that will change after April 1 and how they will impact your personal life.

These rules will change from April 1, 2026
Major relief in PAN rules
The government has simplified PAN rules in some cases. For example,

Now, providing a PAN will not be required for cash deposits or withdrawals up to ₹10 lakh in a year at a bank or post office. Similarly, purchasing a car or bike worth up to ₹5 lakh will also not require a PAN.

If you buy or sell property worth up to ₹20 lakh, providing a PAN will also not be mandatory. Additionally, spending up to ₹1 lakh at a hotel, restaurant, or at a function will be exempt from providing PAN details. These decisions will provide some relief to the general public from the hassle of paperwork.

Change in ITR Filing Date
The last date for filing income tax returns has also been changed. Businessmen and professionals who do not require an audit will now be able to file their ITR by August 31st instead of July 31st. This gives them an additional month.

However, the deadline for salaried individuals and taxpayers filing ITR-1 or ITR-2 forms will remain July 31st. This change is considered a relief for small businesses and professionals.

PAN Required When Purchasing Insurance
Providing a PAN will now be mandatory for purchasing all types of insurance policies. Previously, this rule only applied to large investments, but now PAN details will be required for every policy, whether large or small. At the same time, interest on compensation received from the Motor Accident Claims Tribunal (MACT) will no longer be taxed, which is a relief for victims.

Stock Market Trading is Expensive
Starting April 1, stock market trading will become slightly more expensive. The Securities Transaction Tax (SST) on futures trading will increase from 0.02% to 0.05%. Option premiums will also be taxed from 0.10% to 0.15%. A 0.15% tax will also be levied on option exercises.

Overall, these changes, which will come into effect on April 1, 2026, will affect everyone, including individuals, investors, and businesses. It's best to prepare in advance to make informed financial decisions based on the new rules.

Disclaimer: This content has been sourced and edited from NDTV India. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.