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%