With the idea of @trancelocation: the map $x\mapsto x/(1 + a x)= \frac{1}{a} ( 1 - \frac{1}{1+a x})$ is increasing on $(0, \infty)$ ( for $a>0$), so the inequality is equivalent to
$$x < \frac{ \arctan x}{ 1 - \frac{\arctan x}{\pi/2}} \textrm{ or } \tan t < \frac{t}{1- \frac{t}{\pi/2}}$$
We have the product expansions
$$\cos t = \prod_{n=1}^{\infty} \left(1- \frac{t^2}{(n-1/2)^2\pi^2} \right), \ \ \sin t = \prod_{n=1}^{\infty} \left(1- \frac{t^2}{n^2 \pi^2}\right)$$
so
$$\frac{\tan t }{t} = \frac{1}{1- (\frac{t}{\pi/2})^2} \cdot\prod_{n=1}^{\infty} \frac{\left(1- \frac{t^2}{n^2 \pi^2}\right)}{ \left(1- \frac{t^2}{(n+1/2)^2 \pi^2}\right)}< \frac{1}{1- (\frac{t}{\pi/2})^2}$$
for $0< t <\pi/2$. So we have in fact
\begin{equation}
\boxed{\color{indigo}{
\frac{1-(\frac{t}{\pi})^2 }{1- (\frac{t}{\pi/2})^2}<\frac{\tan t}{t} < \frac{1}{1- (\frac{t}{\pi/2})^2} < \sec t
}}
\end{equation}
for real $t$, $0<|t|< \frac{\pi}{2}$.
In the above inequalities, we have also the corresponding inequalities for the corresponding coefficients of the Taylor series, clear if we examine the product formulas.
From the second inequality we get
\begin{eqnarray}
\boxed{\color{indigo}{
\frac{\frac{\pi}{2} x}{ \sqrt{x^2 + (\frac{\pi}{4 })^2} + \frac{\pi}{4 }} < \arctan(x)
}}
\end{eqnarray}
for $x > 0$, an improvement over the inequality $\frac{\frac{ \pi }{2} x}{ x+\frac{\pi}{4}+\frac{\pi}{4}} < \arctan x$.