New Tax Rules For 2025. The direct tax code (dtc) 2025 will replace the income tax act of 1961 and the wealth tax act of 1957, bringing india streamlined and modernised tax systems that clarify regulations, widen income tax brackets, reduce deductions, and aim to increase compliance. Taxpayers can now benefit from revised tax slabs, along with an increased standard deduction and an enhanced family pension deduction.

Surcharge may be removed in direct tax code 2025. Understand the exemption limits, tax slabs, surcharges, and eligibility for individuals, senior citizens, firms, and companies.