This paper presents a discrete-time version of voltage and current limited operation using an enhanced direct torque and flux control method for interior permanent magnet synchronous motor (IPMSM) drives. A command voltage vector for airgap torque and stator flux regulation can be uniquely determined by the finite-settling-step direct torque and flux control (FSS-DTFC) algorithm under physical constraints. The proposed command voltage vector trajectories can be developed to achieve the maximum inverter voltage utilization for the discrete-time current limit (DTCL)-based FSS-DTFC. The algorithm can produce adequate results over a number of the potential secondary upsets found in the steady-state current limit (SSCL)-based DTFC. The fast changes in the torque and stator flux linkage improve the dynamic responses significantly over a wide constant-power operating region. The control strategy was evaluated on a 900W IPMSM in both simulations and experiments.