new income tax slabs2023. how to save income tax new regime. 7 lakh Tak tax kese bachaye true fact.
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Date: 02/02/2023

Income Tax slab 2023-2024 details and highlights: New income tax regime has seen a major revamp in the income tax slab rates for 2023-24. The basic exemption limit under the new income tax regime has been hiked to Rs 3 lakh. The income tax rebate limit available for salaried and individual taxpayers under the new income tax regime has been hiked to Rs 7 lakh from the present Rs 5 lakh. See the table below to know the income tax slabs 2023 for the new income tax regime.

Income Tax Slabs 2023: These are the new income tax slabs under the new tax regime


1. Up to Rs 3 lakh income there is 0% or NIL tax
2. From Rs 3 lakh to Rs 6 lakh the tax rate is 5%

3. From Rs 6 lakh to Rs 9 lakh the tax rate is 10%
4. From Rs 9 lakh to Rs 12 lakh the tax rate is 15%
5. From Rs 12 lakh to Rs 15 lakh the tax rate is 20%
6. Above Rs 15 lakh the tax rate is 30%:

Total Income (Gross)

Rs.12 lakh

Deductions (80C, 80CCD)

-

HRA

-

Travel and Medical Allowance

-

Income that is Taxable

Rs.12 lakh

Up to Rs.3 lakh

-

Above Rs.3 lakh - Rs.6 lakh

Rs.15,000

Above Rs.6 lakh - Rs.9 lakh

Rs.30,000

Above Rs.9 lakh - Rs.12 lakh

Rs.45,000

Above Rs.12 lakh - Rs.15 lakh

-

Total Tax that must be Paid

Rs.90,000