Rule Change: The new year 2026 has started from today and with it many important financial rules have also changed. Like every year, this time too new rules related to taxes, gas prices and government processes have come into effect from January 1, which will have a direct impact on working people, businessmen and common consumers. Especially the changes related to Income Tax, PAN-Aadhaar linking and LPG gas cylinder are the most discussed.
As a responsible citizen, it is very important to be aware of these rules, because if you remain unaware, banking, tax and many important daily tasks can get stuck in the future. Let us know which rules have changed from January 1, 2026 and what impact they will have on your life.
Now the opportunity to file revised ITR is over
The biggest change related to income tax is regarding Revised Income Tax Return (Revised ITR). The last date for filing revised ITR was 31 December 2025, which has now ended. Taxpayers who filed neither the original ITR nor the belated return within the stipulated time will no longer be able to file the revised return. Such taxpayers now have only the option to file updated return i.e. ITR-U.
PAN-Aadhaar linking deadline ends
The deadline for PAN-Aadhaar linking has also completely expired from January 1, 2026. If a person has not yet linked his PAN with Aadhaar, his PAN can be considered inactive. Due to PAN being inactive, there can be problems in many important financial tasks like banking transactions, investment, income tax return filing, loan, credit card and KYC.
LPG gas cylinder becomes expensive
There has been a shock of inflation on the very first day of the new year. Government oil companies IOC, HPCL and BPCL have increased the prices of 19 kg commercial LPG gas cylinder by Rs 111. The new rates have come into effect from January 1, 2026.
This increase will have a direct impact on hotels, restaurants, dhabas and small traders, the impact of which may later reach the common consumers as well. However, there has been no change in the prices of domestic LPG cylinders at present.
Expectations increased regarding 8th Pay Commission
The tenure of the 7th Pay Commission has ended on 31 December 2025. In such a situation, the effect of the 8th Pay Commission is being considered from January 1, 2026. Due to this, the discussion has intensified among government employees and pensioners that there may be a possibility of them getting arrears from January 1, 2026, although the final decision on this will be clear only after the official announcement of the government.
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