From Friday, July 1, 2022, three major changes to income tax rules are going to be applicable to different taxpayers. The rules, as proposed by Union Finance Minister Nirmala Sitharaman in the Union Budget 2022 presented on February 1, pertain to double late fee on Permanent Account Number (PAN)-Aadhaar linking from Rs 500 to Rs 1,000, one per cent Tax Deduction at Source (TDS) on all cryptocurrency transactions, and TDS rule change for doctors and influencers who receive monetary benefits through sales promotion on social media.