The direct tax code was released in Aug 2009 and it was declared at that time it will replace the more than half century old Income tax Act, 1961 in a New and polished way with simple and understandable language and professional way. The main thrust was on simplification and simple language.
When the Code was introduced the common man was also attracted to it and the reason was very simple the moderate Tax rates. See the difference:-
PRESENT
TAX RATES
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1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
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