New Income Tax Slabs

Total Income (Rs.)Simplified, optional tax rate
Up to Rs. 2.5 LakhNil
Rs. 2,50,001 to 5,00,0005%
Rs. 5,00,001 to 7,50,00010%
Rs. 7,50,001 to 10,00,00015%
Rs. 10,00,001 to 12,50,00020%
Rs. 12,50,001 to 15,00,00025%
Above Rs. 15,00,00030%