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New Rules From 1 October: The month of September has ended and October has started from today. From October 1, many rules related to the pocket and life of the common man have changed. In such a situation, you should know about the changes in these rules and what new changes are going to happen from October 1. Actually, from October 1, many big changes are going to happen including the rules of Sukanya Samriddhi Yojana, Aadhar Card, HDFC Bank Credit Card.
toll tax
Traveling on Yamuna Expressway has become expensive from October 1. Toll rates on Yamuna Expressway have been increased from today. In the new increased rates, Rs 247.50 will be charged from two-wheelers, three-wheelers and registered tractors. At the same time, Rs 486.75 will be charged from cars, jeeps, vans and light vehicles and Rs 1,542.75 will be charged from buses and trucks.
minimum wage rate
Ahead of festivals like Dussehra and Diwali, the central government has announced a hike in the minimum wage rates while updating the Variable Dearness Allowance (VDA) of workers working in the unorganized sector. After the amendment, the minimum wage rate in Sector 'A' for unskilled workers like construction, cleaning, loading-unloading will be Rs 783 per day (Rs 20,358 per month), Rs 868 per day (Rs 22,568 per month) for semi-skilled, skilled, clerical and unarmed. It has been fixed at Rs 954 per day (Rs 24,804 per month) for end ward and Rs 1,035 per day (Rs 26,910 per month) for high skilled and watch end ward with weapons.
ppf
Last month, the Department of Economic Affairs of the Finance Ministry had issued guidelines for regularizing the Public Provident Fund (PPF). These guidelines are going to come into effect from October 1, 2024. From the beginning of next month, PPF accounts opened in the name of minors will get savings account interest till they turn 18 years of age. Whereas if you have more than one PPF account, then only one account will get interest as per the scheme rate. Apart from this, no interest of any kind will be available on the amount deposited in other PPF accounts.
tds
In the General Budget-2024, Union Finance Minister Nirmala Sitharaman had announced changes in the rules of Tax Deducted at Source (TDS), which are coming into effect from October 1. Now if you are earning more than Rs 10,000 in a year from central or state government bonds, then you will have to pay 10 percent TDS.
STT
The new rate of Security Transaction Tax (STT) will be applicable on futures and options (F&O) in the stock market from October 1. Now 0.1 percent STT will be levied on the premium on sale of options, which was earlier 0.0625 percent. At the same time, 0.02 percent of the traded value will have to be paid as STT on the sale of futures, which was earlier 0.0125 percent.
BSE/NSE Transaction Fee
The country's leading stock exchange BSE has changed its transaction charges for cash and F&O deals. BSE has revised the transaction tax for Sensex and Bankex options contracts in the equity F&O segment to Rs 3,250 per crore of premium turnover. Whereas, the transaction fee in Sensex 50 and Stock Options is Rs 500 each for premium turnover value of Rs 1 crore. At the same time, NSE has also changed the transaction fees for different segments from October 1. For a trade value of Rs 1 lakh in cash, a charge of Rs 2.97 will be levied on each trade value of Rs 1 lakh on both sides. Apart from this, for trade value of Rs 1 lakh in equity futures, a charge of Rs 1.73 per lakh trade value will be levied on both sides. Along with this, a charge of Rs 0.35 will be levied on both sides on trade value of Rs 1 lakh on currency futures.
bonus shares
The new rules on bonus share credit will come into effect from October 1. The bonus shares will be credited shortly and trading will commence. Trading in bonus shares will start only 2 days after the record date. The new rules on bonus share credit will be effective from October 1.
Sukanya Samriddhi Yojana (SSY)
From October 1, only the legal guardians of daughters will be able to operate their accounts under Sukanya Samriddhi Yojana. According to the new rule, if a person has opened a Sukanya Samriddhi Yojana account for a daughter and he is not her legal guardian, then he will have to transfer this account to the daughter's legal guardian or parents.
HDFC Credit Card
New rules will also be applicable for HDFC credit cards from October 1. If you use HDFC Bank credit card, then a limit has been set for redeeming reward points for Apple products on the SmartBuy platform, due to which cardholders will be able to use these reward points only once in a month.
Aadhar card
There is going to be a change in the rules related to PAN-Aadhaar from October 1, 2024. Aadhaar Enrollment ID will not be able to be mentioned in the application form for PAN allotment and income tax return. The government has taken this step to prevent duplication.