New budget news 0-4 lakh - nill tax 4-8 lakh-5% tax 8-12 lakh- 10% tax 12-16 lakh-15% tax 16-20 lakh- 20% tax 20-24 lakh-25% tax Above 24 lakh- 30% tax *No income tax upto 12 lakh rupees for Salaried Tax Payers*