New Rules: These 10 important rules changed early in the morning of October 1, know what became expensive and where did you get relief
IndiaEmployment Desk October 01, 2024 05:15 PM

New Rules From 1 October: The month of September is over 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.

From October 1, going on Yamuna Expressway has become expensive. Toll rates on Yamuna Expressway have been increased from today. In the new increased rates, Rs 247.50 will be charged for two-wheelers, three-wheelers and registered tractors. At the same time, Rs 486.75 will be charged for car, jeep, van and light vehicle and Rs 1,542.75 will be charged from bus-truck.

Ahead of festivals like Dussehra and Diwali, the central government has announced to increase the minimum wage rates by updating the Variable Dearness Allowance (VDA) of workers working in the unorganized sector. After the amendment, the minimum wage rate in sector "A" for workers in construction, cleaning, cleaning, loading and unloading for unskilled work will be Rs 783 per day (Rs 20,358 per month), Rs 868 per day for semi-skilled (Rs 22,568 per month), Rs 954 per day (Rs 24,804 per month) for skilled, clerical and unarmed watch and ward and Rs 1,035 per day (Rs 26,910 per month) for highly skilled and watch and ward with weapon has been fixed.

Last month, guidelines were issued by the Department of Economic Affairs of the Ministry of Finance regarding regularization of Public Provident Fund (PPF). These guidelines are going to be implemented from October 1, 2024. From the beginning of next month, savings account interest will be available on PPF accounts opened in the name of minors till they turn 18 years old. On the other hand, if you have more than one PPF account, then only one account will get interest as per the rate of the scheme. Apart from this, no interest of any kind will be paid on the amount deposited in other PPF accounts.

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 10,000 in a year from the bonds of the Central or State Government, then you will have to pay 10 percent TDS.

From October 1, the new rate of Security Transaction Tax (STT) levied on Futures and Options (F&O) in the stock market will come into effect. Now 0.1 percent of the premium on the sale of options will be charged as STT, which was 0.0625 percent earlier. On the other hand, 0.02 percent of the traded price will have to be paid as STT on the sale of futures, which was 0.0125 percent earlier.

The country's leading stock exchange BSE has made changes in 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 premium turnover. On the other hand, the transaction charge in Sensex 50 and stock options is Rs 500 for every one crore rupees premium turnover value. On the other hand, NSE has also changed the transaction charge for different segments from October 1. In cash, a charge of Rs 2.97 will be levied on both sides for every trade value of Rs 1 lakh. Apart from this, in equity futures, a charge of Rs 1.73 will be levied on both sides for every trade value of Rs 1 lakh. Whereas in equity options, a charge of Rs 35.03 per lakh will be levied on a premium value of Rs 1 lakh. Along with this, a charge of Rs 0.35 will be levied on both sides for every trade value of Rs 1 lakh on currency futures.

From October 1, a new rule will be applicable on bonus share credit. Bonus shares will be credited soon and trading will start in it. 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.

In Sukanya Samriddhi Yojana, only the legal guardians of daughters will be able to operate their accounts from October 1. 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 legal guardian or parents of the daughter.

New rules will also be applicable to HDFC credit cards from October 1. If you use an HDFC Bank credit card, then a limit has been set on redeeming reward points for Apple products on the SmartBuy platform, due to which cardholders will be able to use these reward points only once a month.

The rules related to PAN-Aadhaar are going to change from October 1, 2024. Aadhaar enrollment ID cannot be mentioned in the application form for PAN allotment and income tax returns. The government has taken this step to prevent duplication.

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