slide

Old vs latest income tax slabs under the new regime

Finance Minister has announced a hike in the income tax rebate limit from 5 lakh to 7 lakh under the new tax regime.

Under the new tax regime, 5 percent tax will be applicable on total income between 3 lakh and 6 lakh.

A tax rate of 10 percent will be levied on income between 6 lakh to 9 lakh.

Income of 9 lakh to 12 lakh will draw 15 percent tax while 20 percent tax will be levied on 12 lakh to 15  lakh.


Income of 15 lakh and above will draw 30 percent tax.


Under the old tax slabs, nil taxes were applicable on income up to 2.5 lakh.

In the new tax regime, no taxes are applicable on income up to 3 lakh.

Click here to know more income tax slabs under new tax regime.

Check here for more budget related stories.


Budget 2023: Old vs latest income tax slabs under the new regime

Finance Minister Nirmala Sitharaman on Wednesday said that the new tax regime is being made the default tax regime.

Budget 2023: No income tax up to ₹7 lakh, standard deduction allowed under new tax regime; all details here

Budget 2023: Government raises interest rate on Senior Citizens' Savings Scheme to 8%; all you need to know

Budget 2023 for retail investors: What did FM Nirmala Sitharaman announce on LTCG and STCG taxes? Read here

Budget 2023: A look at latest vs old income tax slabs under the new regime

Budget 2023: Here are all the Income Tax related changes that FM Nirmala Sitharaman announced

Budget 2023: National Apprenticeship Promotion Scheme to benefit 47 lakh youth in 3 years

Budget 2023: No tax for income up to ₹3 lakh, 30% tax on income above ₹15 lakh under new tax slabs

Budget 2023: FM Sitharaman announces increased limit for Senior Citizen Savings Scheme investment; check details

Budget 2023: Outlay of ₹19,700 crore to reduce dependence on fossil fuel imports

Stock Check: JSW Infra jumps almost 100% from IPO price in 5 months; should you still buy?

Currently trading at around ₹236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of ₹119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

The stock market cycle is always a few months ahead of the economic cycle.

From top news makers to market performance, here's the market wrap for the week ended 27 October 2023.

Why rebalancing a portfolio provides a safety net against volatility?

Investing isn't a 'set it and forget it' game.

Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

Rebalancing of portfolio: What is it and why is this important?

Whenever the market spikes or declines, investors are supposed to rebalance their portfolio strategically in order to stay aligned to their financial goals

Budget 2023: Old vs latest income tax slabs under the new regime

Finance Minister Nirmala Sitharaman on Wednesday said that the new tax regime is being made the default tax regime.

Topics to follow