India, April 1 -- As India enters the new financial year on April 1, 2026, a wide range of regulatory changes have come into effect, impacting everything from taxation and digital payments to travel, fuel, and savings.

One of the biggest changes is the implementation of a revised income tax framework, under which individuals earning up to Rs.12 lakh annually will not have to pay tax. With a rebate of up to Rs.60,000 under Section 87A and a standard deduction of Rs.75,000 for salaried individuals, effective tax-free income can go up to Rs.12.75 lakh under the new regime.

The income tax filing calendar has also been adjusted. While salaried taxpayers must continue to file returns by July 31, the deadline for non-audit cases, including pro...