Rule Change: The month of March is about to end and after 5 days April (April 2026) will begin. Like every month, this new month is also going to start with many big financial changes in the country (Rule Change 1st April) and the impact of these changes can be seen on every home and every pocket. Talking about some big changes, then due to the ongoing war in the Middle East, there may be a change in the LPG cylinder price from 1st April in the already ongoing LPG crisis, and with the implementation of the new Income Tax Act, there are going to be changes related to tax and salary. Not only this, the rules regarding PAN card are also going to change (PAN Card Rule Change).
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First Change: LPG, ATF, CNG, and PNG Prices
Like the first of every month, April 1, 2026, may also mark the beginning of a change in LPG cylinder prices. Amid the severe LPG shortage following the outbreak of the ongoing war in the Middle East, oil companies have already issued a price shock by increasing prices, and new rates may be issued on the first. Furthermore, amid the oil crisis, changes in the prices of air turbine fuel (ATF) and CNG and PNG may also be observed.
Second Change: New Income Tax Rule
The second and biggest tax change in the country is set to take place from April 1st. The Income Tax Act, 2025, will replace the existing law, which has been in effect since 1961. Along with the new Income Tax Rule, several tax-related changes are expected. According to the government, several changes have been made to reduce the compliance burden on taxpayers and simplify the law. Regarding some of the tax-related changes, from April 1st, Form 16, which is required for filing ITR, will no longer be available. Instead, a different form will be provided, which can be used as an income document.
Form 16 is considered a TDS certificate. It is also the TDS certificate for salary income. Form 16A is the TDS certificate for non-salary income such as rent, interest, business and consultancy fees. Its name will also be changed to Form 131 from April 1. It will have to be issued within 15 days from the date of issue of the relevant quarterly TDS statement.
Third Change: Rules from HDFC, PNB to Bandhan Bank
If you have an account with HDFC Bank, PNB, or Bandhan Bank and use their ATMs, ATM rules are set to change for you as well, effective April 1, 2026. Key changes include that HDFC Bank will now include UPI withdrawals in its free ATM withdrawals, which previously were counted separately. This means that HDFC Bank customers who use UPI at ATMs may see their free ATM transaction limit reduced, and subsequent withdrawals may incur a fee of ₹23 per transaction. Currently, the bank offers five free ATM withdrawals per month.
In addition to HDFC Bank, Punjab National Bank (PNB) has announced changes to the daily transaction limit for some of its debit cards. Customers will now be able to withdraw between ₹50,000 and ₹75,000 daily, depending on their card category. This limit is lower for cardholders whose limit was previously up to Rs 1 lakh per day.
Apart from PNB, Bandhan Bank is also changing the rules for ATM transactions for debit card holders from April 1. Bandhan Bank ATM users in metro cities will get 3 free transactions per month, while in other cities this limit will be 5 transactions. After this limit is crossed, Rs 23 will be charged for each financial transaction. The bank has also stated that if there is insufficient funds in the bank account and the ATM transaction fails, a penalty of Rs 25 will be applicable.
Fourth Change: PAN Card Rules
Other major changes coming into effect on April 1, 2026, include changes related to PAN cards. Under the new rules, the rules for obtaining or updating PAN cards may become stricter. Reports suggest that an Aadhaar card alone will no longer be sufficient for PAN applications; applicants will also be required to submit other documents. Orders have also been issued to complete pending applications before the new rules come into effect.
Fifth Change: Cancelling Railway Tickets Will Be Expensive
Changes are also afoot for rail passengers starting April 1st. Specifically, the rules regarding railway ticket cancellations are set to change. Under the rules that will come into effect on April 1st, passengers will now have to pay more for canceling confirmed railway tickets. No refunds will be issued eight hours before a train’s departure; previously, this was only allowed for four hours. Tickets canceled between eight and 24 hours prior will receive a 50% refund, while those canceled between 24 and 72 hours prior will receive a 25% reduction, and cancellations made within 72 hours prior will receive the highest refund.
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