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Changes in Tax Structure Under the New Regime

Income Tax Slabs

Tax Rate

₹0-3 lakh

Nil

₹3-7 lakh

5%

₹7-10 lakh

10%

₹10-12 lakh

15%

₹12-15 lakh

20%

Above ₹15 lakh

30%
Under the new regime, the standard deduction for salaried individuals has been increased to Rs. 75,000 from Rs. 50,000. Similarly, a deduction on family pension for persons having pension income has been increased to Rs. 25,000 from Rs. 15,000 if they file taxes under the new regime.

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