New income tax slabs in budget 2020 (for FY 2020-21)

 

New income tax slabs in budget 2020 (for FY 2020-21)

Taxable Income Range (In Rs.)Tax Rate before Budget 2020 (Old regime)Tax Rate after  Budget 2020 (new regime)
0-2.5 lakhExemptedExempted
2.5-5 lakh5%5%
5-7.5 lakh20%10%
7.5-10 lakh20%15%
10-12.5 lakh30%20%
12.5-15 lakh30%25%
Above 15 lakh30%30%

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