Taxes 2025. Finance minister nirmala sitharaman announced the imminent introduction of the direct tax code (dtc) 2025,. In 2025, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (table 1).

Nine states—indiana, iowa, louisiana, mississippi, missouri, nebraska, new mexico, north carolina, and west virginia—will cut individual income tax rates on january 1, 2025, with another (south carolina) making a. Refer examples and tax slabs.