IFM Nirmala Sitharaman on Income Tax Slab: Finance Minister Nirmala Sitharaman (FM Nirmala Sitharaman) has made a big announcement regarding Income Tax Slab Rates. If you also pay tax, now the Finance Minister has made major changes in the tax slab. Let’s know the complete details about it.
Finance Minister Nirmala Sitharaman (FM Nirmala Sitharaman) has made a big announcement regarding Income Tax Slab Rates. If you also pay tax, now the Finance Minister has made major changes in the tax slab. The government has abolished the old tax slab. From now on you will have to pay tax under the new slab.
Let’s see the new tax slabs
0 to 3 lakh – 0 percent
3 to 6 lakh – 5 percent
6 to 9 lakh – 10% tax
9 to 12 lakh – 15% tax
12 to 15 lakh – 20 percent
Above 15 lakh – 30%
Exemption increased in new tax regime
Finance Minister Nirmala Sitharaman has made several announcements for the benefit of taxpayers. In these, regarding income tax, the Finance Minister announced that under the new tax regime, the rebate has been increased on income up to Rs 7 lakh.
Earlier this rebate was available up to Rs 5 lakh. Along with this, the income tax slab has also been increased. Now no tax will be levied up to Rs 7 lakh. Salaried people will get benefit from this.
