Big Changes from July 1 Aadhaar-PAN, Bank Charges & ITR Deadline
Starting July 1, 2025, Indian taxpayers and account holders must brace for key compliance updates. The Aadhaar-PAN rule, bank service charge revisions, and a tax return filing deadline extension all kick in this month.
This blog breaks down each update in simple terms — backed by official sources — so you can stay compliant and avoid penalties.
What is the Aadhaar-PAN Rule from July 1, 2025?
The CBDT has made it mandatory for all PANs not linked with Aadhaar to become inoperative after June 30, 2025, per Section 139AA of the Income-tax Act, 1961.
Key Points:
- Deadline for PAN-Aadhaar linking: June 30, 2025
- Post-deadline status: PAN becomes inoperative if not linked
- Impact:
- Cannot file ITR
- No TDS/TCS credit
- PAN will not be valid for financial transactions
✅ Expert Tip: If you missed linking by June 30, don’t panic. You can still link your Aadhaar by paying a ₹1,000 penalty via TIN-NSDL portal. The PAN will become operative within 30 days.
New Bank Charges Effective from July 1, 2025
Major banks like HDFC, Axis, and BoB have revised their cash transaction limits and service charges for savings and current accounts.
Sample Changes:
| Bank Name | Service | Before | After (From July 1) |
|---|---|---|---|
| HDFC | Free ATM Withdrawals | 5/month | 3/month |
| Axis | Cash Deposit Limit | ₹2 lakh/month | ₹1.5 lakh/month |
| BoB | NEFT Charges | Nil | ₹2.50 + GST per txn |
These changes aim to promote digital payments and reduce cash dependency.
📌 Note: Check your specific bank’s website or latest SMS/email alerts to see which charges apply to you.
Tax Filing Deadline Extended to September 15, 2025
As per CBDT Circular No. 06/2025 dated 27.05.2025, the due date to file ITR for AY 2025–26 (for individuals and HUFs not requiring audit) is extended from July 31 to September 15, 2025.
Why the Extension?
- Ongoing changes in ITR utility and schema
- Facilitate smooth filing for salaried and small taxpayers
- Back-end updates in AIS, Form 26AS, and prefilled data
Who Benefits?
- Salaried individuals
- Freelancers with income < ₹50 lakh
- HUFs not subject to audit under Section 44AB
🧾 Legal Basis: CBDT Circular No. 06/2025
Summary Table – July 1 Compliance Updates
| Change | Details | Authority |
|---|---|---|
| Aadhaar-PAN Rule | PANs not linked become inoperative | CBDT |
| Bank Charges | Cash/ATM/NEFT changes by major banks | RBI-regulated |
| ITR Deadline | Extended to 15 Sep 2025 | CBDT Circular 06/2025 |
Expert View: Don’t Wait Till the Last Day
Suresh Reddy, CA & Tax Consultant, says:
“The PAN-Aadhaar rule isn’t just a deadline — it impacts your entire tax compliance. Even refund claims or interest credit can be blocked if the PAN is inoperative. Don’t delay linking or filing.”
Internal Link Suggestion
📖 Also Read: New ITR Forms for AY 2025–26: Key Changes Explained
FAQs
1. Can I still link PAN and Aadhaar after June 30, 2025?
Yes, but PAN will remain inoperative until you pay the ₹1,000 fee and it gets reactivated.
2. What if I don’t link my PAN with Aadhaar at all?
Your PAN will be considered inoperative, and you won’t be able to file ITR, receive refunds, or do financial KYC-based transactions.
3. Is the tax deadline extended for audit cases too?
No, the extension applies only to taxpayers not requiring audit under Section 44AB.
Final Words
July 1, 2025, brings crucial changes for every Indian taxpayer. From PAN-Aadhaar linking and bank transaction charges to a welcome ITR deadline extension, staying informed can save you money and compliance headaches.
👉 Need help with PAN-Aadhaar linking or filing your ITR?
Efiletax can guide you – start now.
Summary
From July 1, PANs not linked with Aadhaar will become inoperative, banks will revise service charges, and the ITR filing deadline is extended to September 15, 2025. Here’s your compliance guide.