New Income Tax Rate if no deduction and exemption is availed for FY 2020-21, AY 2021-22
- 5-7.5 Lakh – 10%
- 7.5 – 10 Lakh – 15%
- 10 – 12.5 Lakh – 20%
- 12.5 – 15 Lakh – 25%
Those earning up to Rs 5 lakh in a year will pay no tax.
Tax rate of 30% on income above Rs 15 lakh will be continued Â Â
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