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What are the major financial changes that will take effect from July 1?
short by Dharini Mudgal / on Saturday, 27 June, 2026
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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