2026 Money Shake-Up: 8th Pay Commission, Tax Rebates, Silver Loans & More Impact You

• Tax rebate on income up to Rs 12 lakh (Rs 12.75 lakh for salaried) makes it tax-free under the new regime for ITR 2026.
• The 8th Pay Commission kicks in from January 1, 2026, revising salaries, allowances, and pensions for central government employees.
• A New Income Tax Act, effective April 2026, replaces the 1961 Act, simplifying laws with fewer sections and new ITR forms.
• RBI introduces loans against silver from April 2026 and mandates weekly credit reporting from July 2026, enhancing financial transparency.
• SEBI lowers mutual fund expense ratios and introduces a TLH code for tax-exempt inheritance; banks revise card benefits and fees.

Why It Matters: Major financial changes in 2026 will impact taxes, salaries, investments, and loans for all.