Key Insights into Direct Tax Code 2025: A Taxpayer’s Guide
The direct tax code 2025 aims to modernize India\'s tax system, which has often been criticized for being difficult to navigate due to its vast complexity. First proposed in 2009, the direct tax code 2025 was delayed but has finally arrived as a much-needed reform. The primary goal is to expand the tax base, which currently includes only around 1% of the population. With these new changes, the government hopes to raise this figure to 7.5%, promoting higher compliance and creating a more efficient tax ecosystem.