Rule Change: From Gas to Tax… These 5 Major Changes Will Come Into Effect From December 1

Rule Change
As November comes to an end, the new month will bring multiple financial changes that may significantly affect your budget. From LPG cylinder prices to pension rules and tax deadlines—five major rule changes will take effect from 1 December.

1️⃣ LPG Gas Cylinder Prices

The government usually revises LPG prices on the 1st of every month.
In November, oil companies reduced the price of the 19 kg commercial LPG cylinder by ₹6.50.
However, domestic cylinder prices have not changed for several months, and there is a strong possibility of a revision on 1 December.

2️⃣ UPS Deadline (Unified Pension Scheme)

For government employees, the last date to choose between NPS and UPS is 30 November.
Originally, the deadline was 30 September, but it was extended.
Employees who do not choose by 30 November will not get another chance after 1 December.

3️⃣ Pension Life Certificate Deadline

Senior citizens receiving pension must submit their Life Certificate every year.
The final date for submission is 30 November.
Failure to submit it in time may result in pension payments being stopped.

4️⃣ Important Tax Deadlines

If TDS was deducted in October, then taxpayers must file their TDS statements under the following sections before 30 November:

• Section 194-IA

• Section 194-IB

• Section 194M

• Section 194S

Additionally, those required to file a report under Section 92E must also submit it by 30 November.

5️⃣ CNG–PNG & Jet Fuel Price Revision

Oil companies revise the prices of

• CNG,

• PNG, and

• Aviation Turbine Fuel (ATF)
  every month.

Just like in November, price changes are highly expected on 1 December. These changes could affect transport costs and household energy bills.