From pensions, taxes to LPG...These 5 major rules are changing from December 1st
Rule Change: The month of November is about to end, and the new month is about to end, and many financial changes are coming, directly impacting your pocket. These changes include rules related to LPG gas cylinders, pensions, taxes, and fuel. Five major rules are changing from December 1st. Let's find out how they will affect your pocket.
First Change - LPG Gas Cylinder Prices
The government often changes LPG prices on December 1st. This change applies to commercial and cooking gas cylinders. In November, oil companies revised the rates for commercial gas cylinders. On November 1st, the price of a 19-kilogram commercial gas cylinder was reduced by ₹6.50. LPG prices have remained unchanged for a long time.
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Second Change - UPS Deadline
The deadline for government employees to opt for the Unified Pension Scheme (UPS) has been set for November 30th. Previously, this date was September 30th. If an employee wishes to choose between NPS and UPS, they must complete this process before November 30th. This opportunity may not be available after December 1st.
Third Change - Submitting a Life Certificate
Senior citizens are required to submit a life certificate to receive pension benefits. November 30th is the deadline for submitting a life certificate. Failure to submit a life certificate may result in a suspension of their pension.
Fourth Change - Tax Rules
If your TDS was deducted in October, you will need to submit a statement under Sections 194-IA, 194-IB, 194M, and 194S, with the deadline set for November 30th. Taxpayers who need to submit a report under Section 92E can also complete this process by November 30th.
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Fifth Change - CNG-PNG and Jet Fuel
Oil companies revise the prices of LPG, CNG, PNG, and jet fuel (AFT) every month. Like November, these prices may also change in December.
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