Zero Income Tax till ₹12 Lakh Income under New Tax Regime 👉 Slabs and rates being changed across the board to benefit all tax-payers 👉 New structure to substantially reduce taxes of middle class and leave more money in their hands, boosting household consumption, savings and investment 👉 ‘Nil tax’ slab up to ₹12.00 lakh (₹12.75 lakh for salaried tax payers with standard deduction of ₹75,000)