The new year 2026 has begun today. The new year brings with it several changes in financial rules, which have come into effect from today. These changed rules can directly impact the pockets of common people. As every year, this time too, some rules related to taxes, gas prices, and government procedures have been changed from January 1st. These changes will affect salaried individuals, businessmen, and general consumers. In particular, changes related to income tax rules, the deadline for PAN-Aadhaar linking, and LPG gas cylinder prices are being discussed today.
As a citizen of the country, it is important for you to be aware of the rules that have changed from January 1st; otherwise, you may face several difficulties later on. Which rules have changed from January 1, 2026, and what impact will they have on your daily life and expenses? We are going to tell you about this today.
The revised ITR can no longer be filed.
The biggest change is related to income tax. The deadline for filing Revised Income Tax Returns (Revised ITR) has now expired. The deadline was set for December 31, 2025. Taxpayers who did not file a belated return within the stipulated time will now not be able to file a revised return. Now, taxpayers will have to file an updated return or ITR-U.
PAN-Aadhaar linking deadline ends.
In addition, the deadline for PAN-Aadhaar linking has also ended. If you have not linked your PAN with Aadhaar, your PAN may be considered inactive. An inactive PAN card can cause difficulties in banking, investments, ITR filing, and many other essential financial transactions.
LPG gas prices increased
On the first day of the new year, common people received a shock of inflation. Government oil companies IOC, HPCL, and BPCL have increased the prices of 19 kg commercial LPG gas cylinders by Rs 111. The new prices have come into effect from today, January 1, 2026. This increase will directly impact hotels, restaurants, roadside eateries, and small businesses.
8th Pay Commission
The term of the 7th Pay Commission ended on December 31, 2025. Therefore, the effects of the 8th Pay Commission will be considered effective from January 1, 2026. This is why it is being said that government employees and pensioners are likely to receive arrears from January 1, 2026.
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