Comparison of New Income Tax regime vs Old Tax Regime
Income Tax Slab:
| Old Tax Slabs | Income Tax Rates | New Tax Slabs | Income Tax Rates |
| Upto Rs 2.5 Lakh | NIL | Upto Rs 3 lakh | NIL |
| Rs 2.5 – Rs 5 lakh | 5% | Rs 3 lakh – Rs 6 lakh | 5% |
| Rs 5 – Rs 10 lakh | 20% | Rs 6 lakh – Rs 9 lakh | 10% |
| Above Rs 10 lakh | 30% | Rs 9 lakh – Rs 12 lakh | 15% |
| Rs 12 lakh – Rs 15 lakh | 20% | ||
| Above Rs 15 lakh | 30% |
Example of different income tax under old tax regime and new tax regime:
