This move was aimed at simplifying the tax structure and providing taxpayers with more flexibility.
Title 2New Regime Tax Slabs – Up to ₹2.5 lakh: Nil – ₹2.5 lakh to ₹5 lakh: 5% – ₹5 lakh to ₹7.5 lakh: 10% – ₹7.5 lakh to ₹10 lakh: 15% – ₹10 lakh to ₹12.5 lakh: 20% – ₹12.5 lakh to ₹15 lakh: 25% – Above ₹15 lakh: 30%