New Tax Regime slab : 0-3 lakhs - Nil 3-7 Lakhs - 5 percent 7-10 lakhs - 10 percent 10-12 lakhs - 15 percent 12-15 lakhs - 20 percent and above 15 lakhs- 30 percent :FM For those opting for the new tax regime, the standard deduction for salaried employees to be increased from Rs 50,000 to Rs 75,000 #Budget2024