New Tax Regime Slabs: How Much Will You Save?
By: EjazUlHaqBhat
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Finance Minister Nirmala Sitharaman announced that the government will provide rebates to those earning up to Rs 12 lakh
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For salaried individuals, this threshold is Rs 12.75 lakh, including the standard deduction of Rs 75,000
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Here is a look at how much would you save
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A tax payer in the new regime with an income of Rs 12 lakh will get a benefit of Rs 80,000
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A person having income of Rs 16 lakh will get a benefit of Rs 50,000
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A person having income of Rs 18 lakh will get a benefit of Rs 70,000
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A person having income of Rs 20 lakh will get a benefit of Rs 90,000
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A person with an income of Rs 25 lakh gets a benefit of Rs 1,10,000
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A person with an income of Rs 50 lakh also gets a benefit of Rs 1,10,000
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