Revised tax slabs under new tax regime of Budget 2023-24

Under new tax regime, income of Rs 0-3 lakh is nil.

Income above Rs 3 lakh and up to Rs 5 lakh to be taxed at 5% under new regime.

Income of above Rs 6 lakh and up to Rs 9 lakh to be taxed at 10% under new regime.

Income of above Rs 9 lakh and up to Rs 12 lakh to be taxed at 15% under new regime.

Income above Rs 12 lakh and up to Rs 15 lakh to be taxed at 20% under new regime.

Income above Rs 15 lakh to be taxed at Rs 30%.