Understanding India’s Direct Tax Code (DTC) Understanding India’s Direct Tax Code (DTC) A deep dive into the proposed changes and their impact What is the Direct Tax Code (DTC)? The DTC is an initiative to consolidate and simplify India’s complex tax laws, which have been amended multiple times over the years. By replacing the existing Income Tax Act, the DTC seeks to create a modern, transparent, and taxpayer-friendly framework that promotes ease of doing business while boosting tax revenues. Finance Minister: Nirmala Sitharaman Key Proposed Changes Under the DTC Simplified Tax Slabs for Individuals : The DTC is expected to overhaul personal income tax slabs, making them more progressive and inclusive. Proposed changes in personal tax slabs Reduction in Corporate Tax R...