Income Tax in Budget Live: New Income Tax Rates guide

Income Tax in Budget Live: New Income Tax Rates guide

• 10% income tax rate for income between 5 -7.5 lakhs
• 15% income tax rate for income between 7.5-10 lakhs
• 20% income tax rate for income between 10 -12.5 lakhs
• 25% income tax rate for income between 12.5-15 lakhs
• Incomes above 15 lakhs remain at 30%
• No tax for income up to five lakhs