Impact of Recent Income Tax Reforms on Indian Taxpayers Analysis of changes in tax slabs, deductions, and exemptions in recent budgets

Direct taxes play a key role in the economy. They influence money choices for individuals and the entire country. This study takes a closer look at how direct taxes are set up, how well they work, and what kind of impact they have. We can make direct tax policies better. Let’s look at our tax systems, check out new laws, and learn from other countries’ successes. The goal is to get more people to pay their taxes fairly, and to keep the economy sustainable. We use different methods to do this, like looking at data and checking how well policies work. The study highlights major issues. People often avoid taxes. The tax system is slow and inefficient. Also, online businesses create tricky situations. What we learned shows that we need tax policies that can change with the times. They need to bring in money for the government but also give people reasons to work and invest. This approach helps the government stay financially healthy and treat taxpayers fairly. This study adds to the conversation about how to make tax policies better. It helps lawmakers, economists, and financial experts improve direct tax systems.