The new financial year not only brings the beginning of new dreams and plans. But also brings some major changes that can affect your savings, investment, and tax. There are key financial changes for taxpayers and investors from April 2026. This time the government and SEBI have taken many important decisions. These decisions are very important for common taxpayers, investors, and government employees. If you want the safety of your money and the right investment, then it is very important to understand these changes. Whether it is a new tax slab, new rules for mutual funds, or changes in pension schemes, it will affect everyone.
With the beginning of the new financial year on April 2025, many major changes will come into effect that will have a direct impact on taxpayers and investors. The Securities and Exchange Board of India (SEBI) has made some new rules that have been brought in to make investments more secure and transparent. The government has made some changes related to tax, which is expected to give some relief to the common people.
Strict rules for New Fund Offer (NFO)
SEBI has tightened the rules related to New Fund Offer (NFO). Now asset management companies (AMCs) have to ensure that they invest the capital raised within 30 working days from the date of unit allotment. If this is not done, they can get another 30 days with the approval of the investment committee. But if the funds are not invested even in this additional time, investment will be stopped for new investors. Existing investors will be allowed to withdraw their money without any penalty. These changes are aimed at bringing better fund management and more transparency to the mutual fund industry.
SEBI has launched a new fund option, ‘Specialized Investment Fund’ (SIF), for investors. It is a mix of mutual fund and portfolio management service (PMS), in which at least Rs 10 lakh will be required to invest. This facility will be available only to those asset management companies (AMCs) whose average managed assets (AUM) have been ₹ 10,000 crore or more in the last three years. Apart from this, for the convenience of investors, DigiLocker will be linked to their demat and mutual fund accounts. This will keep the documents related to their investment safe. The nominee will also be able to see them easily if needed.
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Relief to government employees from the Unified Pension Scheme (UPS)
The Unified Pension Scheme (UPS) will start for central government employees from April 2025. This scheme is for those employees who are working under the National Pension System (NPS). Under this scheme, employees who have served for 25 years or more will get 50% of the average basic salary of the last 12 months as a pension after retirement. This will give them financial security after retirement, and they will have to worry less about their future.
Income tax rules will change from the new financial year. According to the Union Budget 2025-26, the limit of tax-free income in the new tax system. This has been increased from ₹ 7 lakh to ₹ 12 lakh. This will especially benefit the middle class, and their savings will increase. The government has also adopted new technologies to make tax filing easy and digital so that people can file their returns without hassle. Apart from this, some credit card companies are also changing their reward point system. SBI Card has changed the reward points of SimplyClick and Air India SBI Platinum Card. At the same time, after the merger of Vistara and Air India, Axis Bank has removed some special benefits of its Vistara credit card. All these changes have been made according to the needs of the customers and the market.
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