Top Money Changes That Will Impact Your Wallet in April

By Sheetal Kumari | March 3, 2025

MC Desk | April 1, 2025

Top Money Changes That Will Impact Your Wallet in April

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Revised tax regime introduces new income tax slabs and rates. The basic exemption limit has been raised from Rs 3 lakh to Rs 4 lakh.

New Income Tax Slabs

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(Image: Canva)

Taxpayers earning up to Rs 12 lakh will now pay zero tax under the new tax regime. For salaried individuals, the exemption extends up to Rs 12.75 lakh.

Income Tax Relief

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(Image: Canva)

The Budget 2025 has modified TDS provisions, adjusting rates and raising thresholds for applicability.

TDS Rates 

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(Image: Canva)

From April 1, 2025, the government has removed provisions mandating higher TDS and TCS rates for ITR non-filers.

Relief from Enhanced TDS/TCS

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(Image: Canva)

Contributions to NPS Vatsalya will now be eligible for tax deductions under Section 80CCD, as per Budget 2025.

NPS Vatsalya Contribution Deductions via Section 80CCD

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(Image: Canva)

From April 1, 2025, stock market and mutual fund investors can fetch and store holding statements from demat accounts and CAS on DigiLocker.

Investors Can Store Holding Statements on DigiLocker

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(Image: Canva)

High net-worth individuals can now invest in Specialised Investment Funds (SIFs), a hybrid of mutual funds and portfolio management services.

SIFs 

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(Image: Canva)

With Vistara’s merger into Air India, Axis Bank has updated the terms and conditions of its Vistara Credit Card.

Axis Bank Revises Vistara Credit Card Terms  

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