FM Sitharaman announces revision in tax rate structure
Shortpedia
Content Team
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In her budget speech, Finance Minister Nirmala Sitharaman announced updates to the new tax regime. The tax slabs are now: ₹0-₹3 lakh: Nil, ₹3-₹7 lakh: 5%, ₹7-₹10 lakh: 10%, ₹10-₹12 lakh: 15%, ₹12-₹15 lakh: 20%, Above ₹15 lakh: 30% According to the FM, salaried employees could save ₹17,500 under the new tax regime.
