As the last month of the year begins, it is time to evaluate your finances and start planning for the upcoming year. However, first, it is important to look into the financial changes lined up for December that could directly or indirectly impact your wallet.
So, let’s take a look at some of the big financial changes scheduled in the month so that you can make an educated plan about your future savings and expenses.
LPG Prices
The new LPG prices came into effect on December 1, 2024. The oil marketing companies (OMCs) increased the price of the 19 kg commercial LPG cylinder by Rs 16.50. As such, the price of commercial cooking gas cylinders in Delhi now stands at Rs 1,818.50, while in Mumbai, the 19-kg cylinder costs Rs 1,771 per kg. Further, the price of 5 kg Free Trade LPG cylinders has also been hiked by Rs 4.
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Aadhaar Update
The government has again extended the last date for updating your Aadhaar details free of cost. Now, you can make changes to your Aadhaar without paying any charges till December 14, 2024. Post the deadline, any update required in your Aadhaar document would incur a cost.
Credit Card Norms
Starting December, some changes have been introduced in the credit card norms by the State Bank of India (SBI). The lender informed that users will now not be able to earn reward points for any transactions conducted via any gaming platforms or merchants, unlike earlier.
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ITR Deadline
The income tax authorities have allowed taxpayers to submit their belated income tax return (ITR) till December 31, 2024. However, you will still have to pay penalties for filing the belated ITR.