Under the income tax calculator AY 2022 23, individuals under 60 years receiving income from salary, business or investments will pay:
Old tax regime - Rs. 12,500 + 20% over Rs. 5 lakhs i.e., Rs.1,12,500
New tax regime - Rs. 37,500 + 15% over Rs. 7.5 lakhs i.e., Rs. 1,87,500