New tax rules will come into effect across India from tomorrow

New tax rules will come into effect across India from tomorrow. New Tax regime will become default option from tomorrow.

Upto 3 lakh – 0

3-6 lakh – 5%

6-9 lakh – 10%

9-12 lakh – 15%

12-15 lakh – 20%

15 lakh & Plus – 30%

Under New Tax Regime, taxpayers no longer need to maintain a track record of travel tickets and rent receipts.