Income Tax Slabs Budget 2023: Finance Minister Nirmala Sitharaman on February 1 announced changes in income tax slabs. The new Revised tax slabs under new tax regime are:
Income of Rs 0-3 lakh is nil.
Income above Rs 3 lakh and up to Rs 5 lakh to be taxed at 5% under new regime.
Income of above Rs 6 lakh and up to Rs 9 lakh to be taxed at 10% under new regime.
Income above Rs 12 lakh and up to Rs 15 lakh to be taxed at 20% under new regime.
Income above Rs 15 lakh to be taxed at Rs 30%.

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