From December 1, these rules will change. Learn about the benefits and drawbacks

Business Desk: In the last month of the year, several changes are set to occur in the country on the first day of December. These changes can directly impact the pockets of common people, especially government employees and taxpayers. From the prices of LPG cylinders to the deadline for pension and tax payments, everything is included in these changes. Let’s delve into the details of these changes.

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Oil Prices
Oil companies often revise the prices of LPG cylinders (commercial and domestic) on the first date of every month. Previously, the price of commercial cylinders was reduced in November. Therefore, all eyes will be on possible changes in the prices of kitchen gas from December 1.

Read also: Big Shock! New regulations enforced for old vehicles, increased fines. Pension Certificate Deadline
Elderly citizens need to submit their life certificates by November 30 every year to continue receiving pension benefits. If a pensioner fails to submit their life certificate by this date, their pension may be suspended from December 1. Hence, completing this task before November 30 is crucial.

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Government employees were given the option to choose between the National Pension Scheme (NPS) and the Unified Pension Scheme (UPS). The deadline to make this choice was set for November 30 (previously extended from September 30). Government employees should make this decision before December 1, as they will not have the opportunity after this date.

Read also: Two important tax time-limits. Penalty for missing on time. Time limits
If you had TDS deducted in October, then the deadline to file statements under sections 194-IA, 194-IB, 194M, and 194S is November 30. Taxpayers who need to submit their reports under section 92E also need to complete this task by November 30. Delay in filing can result in penalties being imposed.