Tax Relief Act Of 2025 Status. As budget approaches, taxpayers are eagerly awaiting finance minister nirmala sitharaman’s announcement on february 1, 2025, with hopes for significant. One of its primary objectives is to simplify the tax structure, reduce the burden on the middle class, and improve tax compliance.
New tax law is believed to bring relief for individuals paying income tax as the slabs will be increased. Direct tax code’s key provisions are expected to include streamlined tax regimes, fewer slabs, and reduced complexities, benefiting individuals with annual incomes between rs.