The year 2025 is coming to an end. There are only a few days left for the new year to begin. From January 1, 2026, several important financial and administrative rules are going to change, which will have a direct impact on the daily lives and pockets of the common man. From LPG gas prices, Aadhaar-PAN link, UPI, pay commission to car prices, everything is likely to change. Let’s take a look at the 9 major changes that will come into effect from January 1.
1) PAN-Aadhaar link is mandatory
The deadline for linking PAN and Aadhaar ends in December. If the link is not made within the stipulated time, PAN may become inactive from January 1. In that case, you may have problems filing ITR, getting refunds, banking services or availing benefits of government schemes.
2) Tightening UPI, SIM and messaging services
UPI transactions and SIM verification are being tightened to prevent digital fraud. New rules may also come into effect to prevent fraud through messaging apps like WhatsApp, Telegram and Signal.
3) Change in FD and loan interest rates
Several banks including SBI, PNB, HDFC have decided to reduce loan interest rates. Along with this, the interest rates of new fixed deposits (FDs) may also change, which will affect the decisions of savers.
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4) LPG cylinder prices
The prices of LPG cylinders are revised at the beginning of every month. The prices of cooking gas may increase or decrease from January 1. Even if the prices of commercial gas cylinders decrease in December, what will happen in the new year remains to be seen.
5) CNG, PNG and ATF prices
The prices of CNG, PNG and aviation fuel (ATF) may also be revised from January 1. The change in the price of ATF may also affect the cost of air travel.
6) Preparation of the new Income Tax Act
The new Income Tax Act will be fully effective from the financial year 2026-27. However, new ITR forms and rules may be notified from January. As a result, initiatives are being taken to make the tax system simpler and more transparent.
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7) Eighth Pay Commission
The term of the 7th Pay Commission ends on December 31, 2025. It is expected that the Eighth Pay Commission will be effective from January 1, 2026. Although the implementation may take some time, preparations for salary and pension revisions will begin.
8) New rules for farmers
Unique Farmer ID may be mandatory in some states to get the benefits of the Prime Minister Kisan Scheme. In addition, there will be an opportunity to get compensation if the report of wildlife damage is reported within 72 hours under the Crop Insurance Scheme.
9) Car prices may increase
Companies like Nissan, BMW, MG Motor, Renault, Ather Energy have announced to increase car prices from January 1. Prices may increase by Rs 3,000 to 3 percent. Tata Motors and Honda have also indicated price hikes.