One of the most preferred subjects for the Government is Direct taxes, in accordance with the Indian Tax laws. With a slew of measures to boost the Indian economy and to improve revenue for the government amid COVID 19, Finance minister Nirmala Sitharaman has introduced a number of steps in the Direct Tax category through the Finance act, Circulars and Notifications. This Chapter discusses an optional Personal Income Tax regime with the intention to simplify income-tax filing and reduce the tax burden on individual taxpayers, taxability of dividends by Indian companies, A Proposed Amnesty scheme 'Vivad Se Vishwas' scheme, Taxability of Employers contribution in Recognized provident fund and Other changes via Circulars and Notifications. This chapter also discusses various Case studies of an individual taxpayer who can opt the new Scheme to forego defined exemptions and deductions and pay taxes at lower tax rates.