*Many people are getting confused as to why NIL tax upto Rs. 12 lakhs in NEW REGIME!* Received many messages! Please note that Revised Income Tax Slabs under the New Regime are: ₹0 – ₹4 lakh → Nil ₹4 – ₹8 lakh → 5% ₹8 – ₹12 lakh → 10% ₹12 – ₹16 lakh → 15% ₹16 – ₹20 lakh → 20% ₹20 – ₹24 lakh → 25% Above ₹24 lakh → 30% Taxpayers earning up to ₹12 lakh (other than SPECIAL RATE INCOME SUCH AS CAPITAL GAINS) will pay zero tax under the new tax regime due to enhanced 87A Rebate of Rs. 60,000/-