Costlier domestic air travel, Income Tax e-filing portal to LPG cylinder price—FULL LIST of changes coming into effect in June

People will be witnessing changes in several rules which will come into effect from June 1. These changes will not only affect your daily life but also your pocket. The changes which are going to impact you include hike in domestic air ticket prices, LPG cylinder rates, the way one avail's banking services, etc.

Here are the top changes that you need to know before the month (June) begins:

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1. Domestic air travel to become costlier

The Ministry of Civil Aviation (MoCA) has decided to raise the lower limit on domestic airfares from 13 percent to 16 percent thus making flights within the country costlier. The new airfare will come into effect from June 1. As per an order by MoCA, "Fare for domestic travel less than 40 minutes of duration will be hiked by Rs 2,300 to Rs 2,600, which is 13 percent of the current fare."

2. Income tax's e-tax filing site

From June 1 to June 6, the official e-tax filing site of the Income Tax Department will not work as the department is moving to a new modern platform. The new website of ITR will be launched by the Income Tax Department on June 7. You will be able to access the updated website at www.incometaxgov.in.

3. Google Photos ending free storage

Currently, Google offers unlimited high quality storage for free but after June 1, photos and videos backed up in high quality or express quality will be counted in 15GB storage that users get with their Google account, which also includes Gmail and Google Drive.

4. Bank of Baroda's cheque payment rules

Bank of Baroda will make 'Positive pay confirmation' mandatory from June 1 in order to prevent fraud incidents during payments made via cheques. The bank said that under this, if the payment of more than Rs 2 lakh is made via cheque, then the customer will have to reconfirm the cheque details.

5. LPG cylinder price change

The price of a 14.2 kg LPG cylinder in Delhi is Rs 809. LPG rates are reviewed by oil companies on the 1st and 15th of every month. Along with 14.2 kg cylinders, the price of 19 kg LPG cylinders can also be changed. So far, no such announcement has been made and it's very much likely that gas cylinder price may be revised on June 15. 

6. Interest rates of Small Savings Schemes

Interest rates of several Small Saving Schemes like the PPF, NSC, KVP and Sukanya Samriddhi are up for a change in the month of June. Changes in interest rate may take place even in July as per a PTI report. The interest rates of these schemes are changed by the government every three months. However, there have been many instances when the interest rates go unchanged for the next month.