By Admin 
The year 2025 has proved to be a big turning point for India’s tax system. The government has made important reforms in Income Tax, GST and Customs Duty. The new Income Tax Act, 2025, which will come into effect from April 1, will now replace the old law of 1961, which aims to make compliance easier. The middle class got a big relief in Budget 2025, where zero tax was fixed on income up to Rs 12 lakh, which increased disposable income and consumption.
GST rates were reduced on 375 items from September 22 and the slabs were simplified to 5% and 18%. This reduced litigation, although GST collection stood at Rs 1.70 lakh crore in November. Now the focus is on Customs Duty reforms, faceless assessment and digitalisation, which is expected to boost trade and investment.