What are the major financial changes that will take effect from July 1?

Dharini Mudgal, Published on Jun 27th, 2026

What are the major financial changes that will take effect from July 1?

Several financial changes take effect from July 1. Taxpayers must file ITR-1 and ITR-2 by July 31, while July 7 is the deadline to deposit April-June TDS. EPFO's UPI-based PF withdrawal, a likely DA hike, and revisions in LPG, CNG, PNG and ATF prices are expected. Indian Railways has also doubled the minimum ticketless travel fine from ₹250 to ₹500.

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