FM Sitharaman announces changes in tax slabs under new tax regime


"In the new tax regime the tax rate structure is proposed to be revised as follows..

0-3 lakh NIL
3-7 lakh 5%
7-10 lakh 10%
10-12 lakh 15%
12-15 lakh 20%
Above 15 lakh 30%

As a result of these changes, a salaried employee, in the new tax regime, stands to save upto Rs 17,500 in Income Tax"

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