The countdown has begun as the new financial year 2026-27 kicks off tomorrow, April 1st. Along with the new year, a series of significant financial regulations are set to change your daily life, from income tax filings to your monthly take-home pay.

The biggest highlight is the scraping of the 6-decade-old ‘Income Tax Act, 1961,’ replaced by the brand-new ‘Income Tax Act, 2025.’ For salaried professionals, a new labor code might result in a lower take-home salary as higher PF contributions (due to basic pay being 50% of total salary) will lead to more deductions. Banking is also getting costlier; HDFC customers using UPI for ATM withdrawals will be charged ₹23 per transaction after their initial 5 free limits. Additionally, expect hikes in FASTag annual fees, revisions in HRA rules, and new reforms in railway ticket bookings starting this Wednesday.