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Major Financial Changes Hit October 2026: PF, LPG, NPS, Tax, and Banking Updates
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CNBC TV18•30-09-2026, 15:35
Major Financial Changes Hit October 2026: PF, LPG, NPS, Tax, and Banking Updates
- •The EPF wage ceiling increases to ’25,000 monthly, impacting employee and EPS contributions from October 2026 payrolls.
- •The RBI's Monetary Policy Committee meets October 5-7 to decide on the repo rate, influencing borrowing and deposit rates.
- •Income-Tax Return and audit-report deadlines for tax-audit cases are extended to October 21 and November 21, 2026, respectively.
- •Mandatory Biometric Aadhaar Authentication for subsidized LPG refills begins October 1, 2026; non-compliance means market price payment.
- •SBI Salary Package Account holders will see free ATM transactions at other banks reduced from 10 to five monthly starting October 1, 2026.
Key Questions Answered
The statutory wage ceiling for mandatory provident-fund coverage has been increased from ₹15,000 to ₹25,000 a month.
The number of free monthly transactions at other banks' ATMs and ADWMs for SBI Salary Package Account holders has been reduced from 10 to five.
The deadline for furnishing the tax-audit report has been extended to October 21, 2026, while the ITR filing deadline has been extended to November 21, 2026.
