Here are the tax brackets for both the new as well as the old tax regime for F.Y. 2022-23 (A.Y. 2023-24)
|
Income Tax Slab rate
|
New Regime Tax Rate
|
Old Regime Tax
|
|
Up to Rs 2.5 Lakhs
|
Exempt
|
Exempt
|
|
Rs 2.5- Rs 5 Lakhs
|
5%
|
5%
|
|
Rs. 5- Rs. 7.5 Lakhs
|
10%
|
20%
|
|
Rs. 7.5 to Rs. 10 lakhs
|
15%
|
20%
|
|
Rs. 10 to Rs. 12.5 lakh
|
20%
|
30%
|
|
Rs. 12.5 to Rs. 15 lakhs
|
25%
|
30%
|
|
Greater than Rs 15 lakhs
|
30%
|
30%
|
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