New Income Tax Slab Rates for AY 2023-24
Income Tax Slabs and Rates 2023 (New Regime)
Following are the new tax slabs in the New Tax Regime as per FM Nirmala Sitharaman’s Budget Speech 2023
–
0-Rs 3 lakh: Nil;
–
Rs 3-6 lakh: 5% Income tax
–
Rs 6-9 lakh: 10% Income tax;
–
Rs 9-12 lakh: 15% Income tax;
–
Rs 12-15 lakh: 20% Income tax;
–
Above Rs 15 lakh: 30%