December 2025 Rules Changes: 6 big changes are happening this month. These also include the last date for filling ITR through Aadhar card and PAN linking deadline and closure of SBI mCASH service. At the same time, RBI can reduce the interest rate by 0.25% to 5.25%. Let us tell you, the Income Tax Department has fixed December 31 as the last date for linking PAN with Aadhaar. These rules are applicable to those who were issued PAN from Aadhaar Enrollment ID before October 1, 2024.

If you do not get the linking done on time then the PAN will be de-activated. This will impact ITR filing, bank KYC, taking loans and government subsidies.

Interest rate may decrease by 0.25%

The Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI) will be held from 3 to 5 December. It is expected that RBI may reduce the interest rate by 0.25% to 5.25%. If this happens then the loan will be cheaper and your EMI may also reduce. Earlier, in its last MPC meeting (September 29 to October 1), RBI had not changed the repo rate for the second consecutive time and had kept it unchanged at 5.5%. There was no change in this even in the meeting held in August.

Repo rate reduced 3 times this year

In the meeting held in February, RBI had reduced the interest rates from 6.5% to 6.25%. This cut was made by the Monetary Policy Committee after 5 years. For the second time in April the interest rate was reduced by 0.25%. Rates were cut by 0.50% for the third time in June. Meaning the Monetary Policy Committee reduced interest rates by 1% thrice.

Last date for filing ITR with fine is 31 December

The last chance to file Income Tax Return (ITR) after the due date for the financial year 2024-25 is 31st December. If you do not file ITR, you may receive an income tax notice. There is a late fee of Rs 1,000 for those with income up to Rs 5 lakh and Rs 5,000 for others. There will be difficulty in filling loan, visa, tender, banks and embassies do not take belated ITR seriously. If payment is not made by 31st December, the right to carry forward the loss will be lost. In such a situation, immediately log in to the income tax e-filing portal. Collect Form-16, bank statement, capital gain, foreign income. Submit ITR-1 to ITR-4 before 12 midnight of 31st December by choosing the belated option as applicable.

4. Tax Audit ITR filing deadline December 10

The Central Board of Direct Taxes (CBDT) has extended the last date for filing Income Tax Returns (ITR) for tax audit cases to December 10. This is for the assessment year 2025-26. This is necessary for small business owners, professionals and those with more than Rs 1 crore turnover. Contact your accountant and collect all the documents. File ITR-3 or ITR-5 along with Form 3CD on the online portal. If filed after December 10, interest will be charged under section 234A.

SBI’s mCASH service closed

The popular mCASH service of State Bank of India (SBI) has stopped from today. This facility was for sending and claiming money through OnlineSBI and YONO Lite app. The last date for its use was 30 November. Meaning if you use this service then now you will have to adopt UPI, NEFT or IMPS methods. Learn new transfer options by checking out the bank app. This will not cause any hindrance in sending small amounts of money.

Commercial cylinder prices reduced

From today, 19 kg commercial gas cylinder has become cheaper by Rs 10.50. The price in Delhi has decreased by Rs 10 to Rs 1580.50. It will be available cheaper by Rs 10.50 in Mumbai for Rs 1531.50.