India, May 30 -- June 1 marks a fresh financial reset for households and businesses across India with new rules spanning taxes, banking charges, digital payments, fuel pricing and energy compliance. From stricter PAN requirements on high-value deals to revised banking fees and UPI safety upgrades, the changes touch almost every daily transaction. Some measures tighten compliance, while others aim to simplify systems and reduce fraud risks.

What Will Change on 1 June, 2026

Advance Tax Deadline & Income Rules Tighten

Taxpayers face a key milestone on June 15, 2026, when the first advance tax instalment for FY 2026-27 becomes due. Those with tax liability above Rs.10,000 must pay 15% upfront or face 1% monthly interest penalties and this ...