Tax Relief and Revised Tax Slabs in New Tax Regime
- Income tax saving of up to ₹ 17,500/- for salaried employee in new tax regime
- IncomeTax Relief for around Four Crore Salaried Individuals and Pensioners
- Standard deduction for salaried employees to be increased from ₹ 50,000/- to ₹75,000/–
Tax Relief and Revised Tax Slabs in New Tax Regime
| 0-3 Lakh Rupees | Nil |
| 3-7 Lakh Rupees | 5 per cent |
| 7-10 Lakh Rupees | 10 per cent |
| 10-12 Lakh Rupees | 15 per cent |
| 12-15 Lakh Rupees | 20 per cent |
| Above 15 Lakh Rupees | 30 per cent |
- Income tax saving of up to 17,500/- for salaried employee in new tax regime
Income Tax Relief for around Four Crore Salaried Individuals and Pensioners
- Standard deduction for salaried employees to be increased from ₹ 50,000/- to 75,000/
- Deduction on family pension for pensioners be increased from & 15,000/- to 25,000/