New Financial Changes Effective November 2025: What Every Indian needs to Know

The government has come up with several key financial and tax-related reforms from November 1, 2025, impacting every Indian citizen.

New Financial Changes Effective November 2025: What Every Indian needs to Know

The government has come up with several key financial and tax-related reforms from November 1, 2025, impacting every Indian citizen. These changes focus on simplifying systems, increasing transparency, and aligning India’s financial ecosystem with global standards.

1. New GST Slab System

India has shifted from a four-tier GST structure to a simplified dual GST system. The earlier 5%, 12%, 18%, and 28% slabs have been replaced by two flat rates—5% and 18%. Luxury items will now attract a heavy 40% tax, replacing the old 28% category. This move is likely to streamline taxation, i