Hyderabad, Dec 31 (Maxim News) The New year is coming, and the excitement is different, Where should we plan the party, how grandly will we welcome the new year? People are busy planning.
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But, when the new year comes, it is not only the calendar that changes but also some rules. Like every year some key changes will come into effect in 2025.
Let’s take a look at the rules that will change from January 1 (Wednesday) 2025.
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UP 123Pay money transfer limit increased. It is known that the National Payments Corporation of India (NPCI) has taken a decision to increase the UPI 123Pay money transfer limit from Rs. 5 thousand to Rs. 10 thousand. This decision will come into full effect from January 1, 2025.
UPI 123Pay is a method brought by NPCI to transfer money to feature phone users who cannot afford to buy a smartphone, in this method, we can send money from our account to someone else’s account without the need for the internet.
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Income Tax Rules to change, it is known that the decisions taken as part of the 2024 Budget will come into effect in the financial year 2024-25.
With the income tax return to be filed in July 2025, it is possible that the decisions taken during the Budget will have an impact on tax deductions and exemptions in 2025.
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Key update for EPFO subscribers in the new year: Union Labour Secretary Sumita Davra has already revealed that EPFO subscribers will soon be able to withdraw cash directly from ATMs.
The process for this facility will start in January 2025. It is likely that EPFO subscribers will be able to withdraw money from their accounts from ATMs from May or June 2025.
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Change in Amazon Prime membership Rules: This is something that those who are logged in to watch content on Amazon Prime on TVs should note. The Amazon Prime membership rules are going to change from January 1, 2025.
From January 1, 2025, it will be possible to watch content on only two TVs from one Prime account, it will no longer be possible to log in to watch content on a third TV.
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You will have to take an additional subscription. Currently, you can watch content on five devices without any restrictions on one Prime account. This will not be possible from the new year, 2025.
Car prices to increase in 2025. As the new year approaches, many people are thinking of buying something new. They are thinking about buying a house or a car this year.
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For those who are thinking of buying a car in 2025, the new year is a tough time. From January 2, 2025, the prices of cars of key automobile companies such as Hyundai, Maruti Suzuki, Mahindra, Honda, Audi, BMW, and Mercedes-Benz will increase by more than 3 percent.
The main reason for this is the increase in production costs. That is, if you’re thinking of buying a car in 2025, you will have to spend a little extra. (Maxim News)
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