15 income tax rule changes in 2024 that will impact your ITR filing in 2025

Fri, Jan 17, 2025 | 01:51 PM IST

EPS, PAN 2.0, UPI & more: Money changes in 2025 you should be ready for

1	15 income tax rule changes in 2024 that will impact your ITR filing in 2025 ITR filing: Most of the income tax changes announced in July 2024 will affect tax deductions and exemptions that can be claimed while filing an income tax return (ITR) in July 2025. ET Wealth Online has listed 15 income tax changes in 2024 and how they will affect you when you file your income tax return next year.

2	New EPS rules from January 1, 2025: EPS pensioners can get pension from any bank branch in India

3	Exciting new UPI features that you can use in 2025: International travel, UPI one world wallet, cashback, payment delegation, and more

4	Credit card lounge access: Rules changed for these two credit cards from January 1, 2025

5	MF, SIP, loan, insurance NACH mandate cancellation to be easier: NPCI sets deadline for banks to provide facility or else….. The NPCI has found that just a few banks have implemented the online Cancel Amend/ Suspend & Revoke (CASR) facility for NACH mandates given by customers earlier. The NPCI also found that many banks were not yet live on the CASR functionality.

6	Now you can use UPI to make payments while shopping at these Dubai Duty Free stores


7	PAN 2.0: How to apply for PAN card reprint with QR code

8	RBI cuts CRR by 50 bps: FD investors set to see interest rate cuts in 2025, know which FDs will be impacted first

9	New GSTN advisory: GST registered suppliers must take note of these new changes made in GSTR-1 from January 2025

10	Relief for GST taxpayers: Deadline for GSTR-1 and GSTR-3B extended after GSTN reported technical issues with the portal GST return deadline: The deadline for GSTR-1 and GSTR-3B both, has been extended by 2 days each. GSTR-1 deadline is now January 13, 2025 while GSTR-3B deadline is now January 22, 2025. However for quarterly GSTR-3B filers the deadline has been extended to January 24 and 26, 2025 depending on the state.

11	RBI Floating Rate Savings Bond interest for January-June 2025 announced: What is the latest interest rate, when will you get it?

12	RBI releases bank holiday list for January 2025: Check bank holidays in January 2025

SLIDESHOWS

Key money changes from Jan 1, 2025: UPI, credit card lounge access & more

EPF 3.0: 5 EPF rule changes to expect in 2025

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