Personal Income tax slab rates (Budget 2023)

Hon'ble Finance Minister has announced changes in personal income tax rates in her budget.

Basic exemption limit increased to Rupees 3 lakhs. No tax for upto 3 lakhs income. Income Limit for rebate for income tax increased from 5 lakhs to 7 lakhs in the new tax regime.

Income slabs(Rs)	Rate of tax (%)
0-3 L	0
3-6 L	5%
6-9 L	10%
9-12L	15%
12-15 L	20%
>15L	30%