The new tax regime aims to replace the six-decade-old Income Tax Act of 1961.
View More New tax bill will be positive for the economy: ExpertsNew tax bill will be positive for the economy: Experts
new tax slab
Major relief for middle class; no tax for income up to ₹7 lakhs
Individuals with an annual income of ₹9 lakhs will be required to pay only ₹45,000 under the new tax slab, FM Sitharaman announced.
View More Major relief for middle class; no tax for income up to ₹7 lakhs