Income Tax Slabs and Rates 2023
(Old Regime)
There was no change in Tax Slab and Rates under the Old Regime
– Annual income up to Rs 2.5 lakh: NIL
– Annual income up to Rs 2.5- 5 lakh: 5%
– Annual income up to Rs 5-10 lakh: 20%
– Annual income up to Rs 10-20 lakh: 30%
– Annual income above Rs 20 lakh: 30%
Checking your tax liability with the help of the Income Tax calculator can help you save a lot of money annually.