FM Nirmala Sitharaman announced the new tax slabs under the new tax regime, which are as follows
Rs 0-4 lakh — Nil
Rs 4-8 lakh — 5%
Rs 8-12 lakh — 10%
Rs 16-20 lakh — 20%
Rs 20-24 lakh — 25%
Above Rs 24 lakh — 30%
Tax rebate will be given to those with income up to Rs 12 lakh.
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