The month of June is about to end and the month of July is about to begin. Many big changes related to your life are happening from the first date of this month i.e. 1st of July. This will directly affect your pocket.
Changes From 1 July: The month of June is about to end and the month of July is about to begin. Many big changes are taking place from the first date of this month i.e. July 1, which will have a direct impact on your pocket. Let us know which are some such changes, which will affect you…
1. PAN- Aadhaar Linking: If you have not linked your Aadhaar-PAN card yet, then now you have only one week left. Get your Aadhaar linked with PAN instantly. The last date for linking Aadhaar PAN is June 30. Let us tell you that if you get this work done before June 30, then you will have to pay a fine of Rs 500, but after that you will have to pay double the damages.
2. TDS On Cryptocurrency: From July 1, the investors of cryptocurrencies are going to get a big setback. From next month, 1 percent TDS will have to be paid on all crypto transactions. Whether it is sold for profit or loss. Let us tell you that from the year 2022-23, it has been decided to levy 30 percent capital gains tax on income from cryptocurrencies. Now from July 1, 1 percent TDS will also have to be paid on crypto transactions.
3. AC is going to be expensive from 1st July: From next month you will have to buy air conditioner expensive. Actually, BEE i.e. Bureau of Energy Efficiency has changed the energy rating rules for air conditioners. This change will be effective from July 1. This means that from July 1, the rating of 5-star ACs will go straight to 4-star. As a result of the new energy efficiency guidelines, AC prices in India are expected to increase by 7-10 per cent in the coming years.
4. Office timings will change from July 1: The process of implementing 4 labor codes in the country is in the final stage. If all goes well, then from July 1, the new rules of the Labor Code will come into force. With its implementation, there is a possibility of impact on in hand salary, office timings of employees, PF contribution, gratuity etc. According to the proposal, a proposal has been made to increase the maximum working hours to 12. Employees will have to work 48 hours in 4 days i.e. 12 hours every day. Half an hour’s rest is also proposed to the employees after every five hours.
5. Change in LPG Price: The price of gas cylinder is revised on 1st of every month. Looking at the way the prices of cylinders are increasing continuously, it is estimated that on July 1, the prices of LPG may also increase.
