Union Budget 2023 : Tax Slabs

Union Budget 2023 : Tax Slabs
Following are the changes in tax slab as per new regime
  • Income tax rebate limit in new tax regime increased to ₹7lakh from ₹5lakhNew tax slabs under new regime
₹0-3 lakh
  • nil
    ₹3-6 lakh
  • 5%
    ₹6-9 lakh
  • 10%
    ₹9-12lakh
  • 15%
    ₹12-15lakh
  • 20%
    ₹15lakh and above
  • 30%
Highest surcharge rate reduced from 37% to 25% under new tax regime
Max tax rate under new regime will reduce to 39%