TaxTMI 
TaxTMI 
TaxTMI 
Budget - 2023
Income tax slabs - Changes in the New Tax Regime
There is no change in the old Tax Regime (As the intention of the government is clear and loud.
| INCOME | EARLIER | INCOME | NOW |
| 0-5 LAKH | NIL | 0-3 LAKH | NIL |
| 5-7.5 LAKH | 10% | 3-6 LAKH | 5% |
| 7.5 -10 LAKH | 15% | 6-9 LAKH | 10% |
| 10-12.5 LAKH | 20% | 9-12 LAKH | 15% |
| 12.5-15 LAKH | 30% | 12.5 - 15 LAKH | 20% |
| ABOVE 15 LAKH | 30% | ABOVE 15 LAKH | 30% |
No tax on income up to Rs 7 lakh under new tax regime announced today in Budget speech
There is no change for the old regime.
COMPARISON CHART:
| INCOME | TAX EARLIER | TAX NOW | BENEFIT |
| RS 7 LAKH | 33,800 | 0 | 33,800 |
| RS 8 LAKH | 46,800 | 35,000 | 11,800 |
| RS 9 LAKH | 62,400 | 45,000 | 17,400 |