*New Tax Regime – Slab Rates* 🔹 Income up to ₹12,00,000 – No Tax 🔹 *For Income Exceeding ₹12,00,000:* ₹4,00,001 to ₹8,00,000 – 5% ₹8,00,001 to ₹12,00,000 – 10% ₹12,00,001 to ₹16,00,000 – 15% ₹16,00,001 to ₹20,00,000 – 20% ₹20,00,001 to ₹24,00,000 – 25% Above ₹24,00,000 – 30% 📊 Tax Calculation Example: 1. Income = ₹12,00,000 → No Tax 2. Income = ₹13,00,000 (*After Standard Deduction*) Tax Calculation: ₹4,00,000 @ 5% = ₹20,000 ₹4,00,000 @ 10% = ₹40,000 ₹1,00,000 @ 15% = ₹15,000 Total Tax = ₹75,000