1 Apr 2024

New financial year 2024-25: Electric vehicles become costlier; pay more for SBI debit card, many big changes to take effect from today

The new financial year 2024-25 has started from today i.e. 1st April. This new year has brought with it many changes. From today onwards, you will have to pay higher prices to buy electric vehicles. Apart from this, SBI has also increased the annual maintenance fee of debit card. At the same time, the price of commercial gas cylinder has decreased by Rs 32.

Electric vehicles become costlier

Buying electric vehicles has become expensive from today. This is because the government has stopped the subsidy available under Faster Adoption and Manufacturing of Electric Vehicles (FAME-II). Under this scheme, subsidy up to Rs 22,500 was given.

However, the government has launched the Electric Mobility Promotion Scheme (EMPS) from today. It will remain valid till 31 July 2024. Under the new scheme, subsidy of up to Rs 10,000 will be available on electric two-wheelers. And subsidy up to Rs 25,000 will be available on three wheelers.

Apart from this, Kia, Toyota and Tata have increased the prices of their vehicles from today. Different prices will be applicable according to different models and variants of vehicles. Recently, Tata had told that due to increase in input cost, it has decided to increase the prices.


Pay more for SBI debit card

SBI has increased the annual maintenance fee associated with some debit cards by Rs 75. After this increase, the annual fee for Classic-Silver-Global-Contaclass Debit Card will be Rs 200 instead of Rs 125. GST will be added separately to this.

Fastag without KYC will be closed

If you have not updated the KYC of your car's Fastag from the bank, it may become deactivated from today. After this, payment will not be made despite having balance in Fastag. To activate it again, you will have to update KYC.

Commercial gas cylinder prices reduced 

Oil marketing companies have reduced the price of 19 kg commercial cylinder by Rs 32 from today. The price in Delhi has now reduced by Rs 30.50 to Rs 1764.50. Earlier it was available for Rs 1795. Whereas in Kolkata the cylinder is now available at Rs 1879, down by Rs 32. Earlier its price was Rs 1911. In Mumbai, the cylinder price has reduced by Rs 31.50 from Rs 1749 to Rs 1717.50. Cylinder is available for Rs 1930 in Chennai.

However, there is no change in the price of 14.2 KG domestic gas cylinder. It is available for  Rs 803 in Delhi, 829 in Kolkata, 802.50 in Mumbai and 818.50 in Chennai.

New tax regime in default for paying income tax

The government has defaulted the new tax regime from today. In such a situation, if you have to pay tax under the old tax regime, then you will have to choose it. The government had given the option of a new tax regime in 2020. No deductions are applicable in the new tax regime.

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