New Taxes For 2025. On 21st august 2024, finance minister nirmala sitharaman during the 165th year of income tax in india introduced the forthcoming direct tax code (dtc). This new law will modernize india’s tax.

Above $114,750 to $177,882 (26 per cent); The top tax rate is expected to increase from 37% to 39.6%, with narrower income thresholds, potentially raising tax liabilities.