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Personal Finance Rule: With the change of month, many important rules to our financial life also change. The new month brings big changes in your financial transactions, income, savings and spending patterns. Whether you work, pay taxes, trade in the stock market or use UPI for daily payments, this month is very important for you. From increased banking fees to advance tax payment deadlines, many new rules are now being implemented. As a conscious consumer, it is important to understand how these new changes will directly impact your budget.

New advance tax deadline

If you pay taxes, mark June 15 in your calendar. Taxpayers whose estimated tax liability is more than ₹10,000 will have to deposit their first installment of advance tax for the financial year 2026-27 by this date. It is necessary to pay at least 15% of the total tax by this deadline. This is the first time that this advance installment will be deposited in full under the new Income Tax Act 2025 and Income Tax Rules 2026. If payment is not made on time, 1% extra interest may be charged every month.

Big relief in old tax system

Salary earners who chose the old tax system have received some good news. The tax exemption limit for hostel allowance has now been increased to ₹ 9,000 per month. Children’s education allowance has also been increased from ₹100 to ₹3,000 per child per month. Apart from this, big cities like Bengaluru, Pune, Hyderabad and Ahmedabad have now been included in the 50% HRA exemption list. Due to this, the employees living in these cities will get a lot of tax benefits.

UPI payments will become more secure

Big changes have also taken place in the matter of banking. National Payments Corporation of India (NPCI) has launched a new feature to make UPI payments secure. Now, when you scan someone’s QR code or send money using their mobile number, the verified name of that person registered with the bank will appear on the screen. This will prevent online fraud using fake identities. Apart from this, EPFO ​​is also testing the facility of instant PF withdrawal through UPI, so that employees will be able to get their money very quickly.

Expenses of credit card users will increase

On the other hand, expenses of high value credit card users are going to increase. Kotak Mahindra Bank has imposed a limit on the amount of reward points received on expenses like utility bills, fuel and rent payment. Now 1% fee will be charged on rent or tuition payment. Bank of Baroda has also increased the interest rate on the outstanding balance on its ‘One Co-branded’ credit card from 3.49% to 3.75% per month, which will be effective from June 23. ICICI Bank is discontinuing 1% reward benefit on fare payment using Amazon Pay credit card from June 18. Additionally, HDFC Bank customers should note that from June 25, they will receive SMS alerts only for UPI payments above ₹100 and UPI receipts above ₹500, although they will continue to receive email notifications for all transactions.

Strict margin rules in stock market

SEBI’s 50:50 margin rule is now fully applicable for traders betting in the Futures and Options (F&O) segment of the stock market. Under this new rule, investors will have to keep at least 50% of their trading margin in cash or equivalent instruments. Now the entire margin cannot be secured just by pledging the shares. This will improve risk management in the market.

Increase in cost of solar projects

New rules have also been brought for those adopting clean energy. All solar projects with government subsidy or net metering are now required to use only solar modules listed in the ALMM (Approved List of Models and Manufacturers). The purpose of this step of the government is to promote domestic manufacturing. However, market experts believe that this rule may slightly increase the cost of installing solar systems in homes in the initial phase.

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