direct tax code | new Direct Tax Code India

India’s direct tax laws are now all set to become really simple for taxpayers. The government of India will on Wednesday unveil the new Direct Tax Code
that aims at simplifying and rationalise the existing tax provisions and structure.

Direct tax code will be unveiled Finance minister Pranab Mukherjee, who will release a draft of the code and a discussion paper. The new direct tax code, which aims at changing the face of direct taxes in India. The direct tax code also aims to replace the current Income-tax Act that was brought into prectise about 50 years ago. Direct tax code will provide for tax calculators, which will allow taxpayers to calculate their own taxes.