Today (June 1, 2021) there are going to be seven big changesin certain rules in India. These changes concern LPG gas cylinder, air travelfare, Bank of Baroda’s cheque payment system, Google Photos’ unlimited storage,the website for income tax filing, and air travel fare.
Before the first week of the month takes off, learn aboutthese changes so that you do not get unpleasantly surprised and have aproductive time.
1. PF and Aadhar now linking mandatory
Rules of Provident Fund (PF) see a big transformation today.Under the new rules, every PF account holder will have to have his Aadhar cardlinked with the PF.
Regarding company PFs, the onus will be on the employer toensure that their employees get this linking done. The department EPFO(Employees’ Provident Fund Organisation) has issued a notification in this regardto employers.
Though, it will be the employee or PF subscriber who will beat the receiving end if the employer fails to complete this paperwork as theemployer’s contribution to the PF may be blocked.
Further, the subscriber also has to verify UAN with hisAadhar Card.
The link for linking PF and Aadhar card is iwu.epfindia.gov.in/eKYC
2. Income Tax filing website or portal
The website or portal of the income tax department will beunavailable for a week from June through June 6. The department is launching anew website or portal in this window.
The current link incometaxindiaefiling.gov.inwill stop working.
The new link is incometax.gov.in
3. Bank of Baroda’s change in cheque payment system
From June 1, payment by cheque in Bank of Baroda is going tochange. To protect customers from frauds, now a Positive Pay Confirmation willbe required. The objective of this new process is to prevent deception tocustomers from bad actors.
However, only for amount more than Rs 2 lakh will thissystem be invoked where the issuing customer will have to confirm that thepayment was made the bank account holder.
To enable Positive Pay Confirmation, some informationregarding the cheque issued will have to be entered into the bank’s systemelectronically. This can be uploaded using SMS, mobile app, internet banking,or ATM.
4. LPG gas cylinder prices to change
It must be noted that all over India, the companies provingcooking gas update their prices for the consumers. The retail prices of LPGcylinders may increase or decrease. Thus, on June 1, there can be a change inthe prices of LPG gas cylinder.
5. Payment for more storage on Google
You will not be able to upload unlimited photos on GooglePhotos. According to Google, this free quota of 15 GB is to be used for theiremail service, Gmail, also in addition to every Google service except YouTube.
So, if you want to use more than 15GB of storage, then youwill have to pay. Till now, unlimited storage was free.
6. YouTube earnings will now be taxed
If you earn from YouTube, then from June 1, 2021 you willhave to now pay YouTube. These days, many people are earning lots of money bymaking videos and uploading them on YouTube.
Now, you will have to pay on the earnings from YouTube.
However, you will only have to pay tax on money earned fromthose views which originate from America.
This policy goes live on June 1, 2021.
7. Air travel fare to rise from today
The DGCA (Directorate General of Civil Aviation) hasincreased the lower limit of the cap on air fares which was in effect from lastyear.
According to the news, domestic air travel is going tobecome expensive from June 1, 2021. The fare will increase from 13% to 13%.
According to the Ministry of Civil Aviation, for flights ofup to 40 minutes, the lower limit has been raised from Rs 2,300 to Rs 2,600 perperson.
Whereas for flights from 40 to 60 minutes, the lower limitshas been increased from Rs 2,900 to Rs 3,300 per person.
It is a matter of relief that the upper limit implementedduring COVID last year has been maintained as it is. Because of this themaximum prices of air tickets will remain the same they were in last year.