New simplified personal tax regime for Individual taxpayers. The revised slab can be availed if they do not claim deductions and certain exemptions.
For income :
- Upto Rs 5,00,000 : nil
- Rs 5,00,000 - 7,50,000 : 10%
- Rs 7,50,000 - 10,00,000 : 15%
- Rs10,00,000 - Rs 12,50,000 : 20%
- Rs 12,50,000 - Rs 15,00,000 : 25%
- More than Rs 15,00,000 : 30%