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.