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.