1 October 2026 से लागू होंगे नए नियम | UPI Charges, Income Tax, Bank FD, LPG, PF & Tax Audit

Finance / Tax Changes (effective timelines: Sept–Oct 2026)

1) Income Tax: Tax audit due dates extended

• Original norm: Tax audit normally due 30 September
• Extension (Circular No. 7 of 2026, dated 28 September 2026):
  • Tax audit report filing deadline: 21 October 2026
  • ITR (audit case) filing deadline: 21 November 2026
• Who gets the extension (explicitly mentioned):
  • Companies
  • Cases audited under Section 44AB
  • Trust / NGO / Religious trust cases
  • Partners in a firm where the firm is audited
• Related forms (explicitly stated):
  • Form 10B / 10BB (as applicable for certain entities)

2) Income Tax: Property TDS compliance change from October 1

When purchasing a property from an NRI:

• The earlier requirement of applying “10” for TDS deduction is replaced by a new process.
• From October 1:
  • Use Schedule E with the PAN
  • TDS deduction in “Form 141” (as stated)
  • Compliance will be done using PAN

3) UPI payments: Merchant charge introduced

• Trigger: UPI transactions above ₹2,000 to a merchant/shopkeeper
• Merchant cost/charge: 0.4%
• Effective date: visible from October 15 (as stated)

Note: This is a payment-rail regulation affecting cashflows.

4) Employee PF: Contribution limit increased

• Earlier PF limit: ₹15,000
• New PF limit: ₹25,000
• Effective timeline: “major changes from October 2026”
• Stated impact:
  • More employees covered: ₹51 lakh new employees come under PF
  • In-hand salary may reduce slightly (higher PF calculation base: ₹25,000 vs ₹15,000)
  • Future savings increase significantly:
    • Employee PF increases
    • Employer contribution also increases by the same amount (as described)

5) LPG subsidy: Aadhaar-based authentication becomes mandatory

To continue LPG subsidy:

• Aadhaar biometric authentication required
• Aadhaar must be linked to a mobile number
• Effective timeline: described under “changes from October 2026”
• If already done: no issue (as stated)

6) Bank deposits / FD transparency (bulk deposits)

• For bulk FDs:
  • Banks must disclose special/bulk rates on their websites
  • RBI requires special rates to be clearly mentioned with prescribed manner and timeline
• Effective date: “from October” (as stated)

7) NPS (National Pension Scheme) charges changed

For new NPS account onboarding:

• Onboarding charge: up to ₹200
• AMC: 0.2%
• Described as changes made to NPS charges (effective with October updates)

8) Banking records law update

• New legal framework: Bankers Book Evidence Act 2026
• Effective date: October 1
• Key concept (as stated):
  • Electronic/digital records and data stored on cloud by banks are covered/recognized
• Intended audience: bankers (must know the norms)

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Assets / Instruments / Other Items Mentioned

• PF (Provident Fund) limits: ₹15,000 → ₹25,000
• FD (bank fixed deposits), including bulk FD
• NPS (National Pension Scheme)
• LPG subsidy (subsidized fuel; not an investable asset)
• UPI payments
• Income tax forms: Form 10B / 10BB, Schedule E, Form 141

No stock tickers, ETFs, bonds, or commodities were mentioned.

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Step-by-Step Methodologies / Frameworks

• No investment strategy or valuation/portfolio methodology was provided.
• Only compliance and regulatory timelines/process changes were described.

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Key Numbers & Deadlines (explicit)

• Tax audit report deadline: 21 Oct 2026
• ITR deadline (audit case): 21 Nov 2026
• UPI merchant charge: 0.4% for transactions > ₹2,000
• PF limit: ₹25,000 (from ₹15,000)
• LPG Aadhaar auth: biometric required (no numeric amount given)
• NPS: onboarding charge up to ₹200; AMC 0.2%
• Bulk FD: RBI web-disclosure requirement for special rates (no numeric rates provided)

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Disclosures / Disclaimers

• No explicit “not financial advice” disclaimer was included in the provided subtitles.

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Presenter / Source Attribution

• Presenter: Me Vivek (signing off)
• Sources referenced:
  • RBI (bulk FD disclosure)
  • Circular No. 7 of 2026 dated 28 September 2026 (tax audit extension)