Zero Income Tax till 12 Lakh Income under New Tax Regime Personal Income Tax Reforms with Special Focus on Middle Class ‘Nil tax’ slab up to ৳ 12.00 lakh ( 12.75 lakh for salaried tax payers with standard deduction of ₹ 75,000) New structure to substantially reduce taxes of middle class and leave more money in their hands, boosting household consumption, savings and investment Slabs and rates being changed across the board to benefit all taxpayers. 0-4 lakh rupees Nill 4-8 lakh rupees 5% 8-12 lakh rupees 10% 12-16 lakh rupees 15% 16-20 lakh rupees 20% 20-24 lakh rupees 25% Above 24 lakh rupees 30%
Zero Income Tax till 12 Lakh Income under New Tax Regime Personal Income Tax Reforms with Special Focus on Middle Class ‘Nil tax’ slab up to ৳ 12.00 lakh ( 12.75 lakh for salaried tax payers with standard deduction of ₹ 75,000) New structure to substantially reduce taxes of middle class and leave more money in their hands, boosting household consumption, savings and investment Slabs and rates being changed across the board to benefit all taxpayers. 0-4 lakh rupees Nill 4-8 lakh rupees 5% 8-12 lakh rupees 10% 12-16 lakh rupees 15% 16-20 lakh rupees 20% 20-24 lakh rupees 25% Above 24 lakh rupees 30%

Zero Income Tax till 12 Lakh Income under New Tax Regime

Personal Income Tax Reforms with Special Focus on Middle Class

‘Nil tax’ slab up to ৳ 12.00 lakh ( 12.75 lakh for salaried tax payers with standard deduction of ₹ 75,000)

New structure to substantially reduce taxes of middle class and leave more money in their hands, boosting household consumption, savings and investment

Slabs and rates being changed across the board to benefit all taxpayers.

0-4 lakh rupeesNill
4-8 lakh rupees5%
8-12 lakh rupees10%
12-16 lakh rupees15%
16-20 lakh rupees20%
20-24 lakh rupees25%
Above 24 lakh rupees30%