Following are the changes in tax slab as per new regime-
Income tax rebate limit in new tax regime increased to ₹7lakh from ₹5lakh
New 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%
