Here is how the new tax regime will now look like: Zero to Rs 4,00,000— No Tax Rs 4,00,000 to Rs 8,00,000---5% Rs 8,00,0001 to Rs 12,00,000---10% Rs 12,00,001 to 16 lakh rupees---15% Rs 16,00,001 to 20 lakh rupees---20% Rs 20,00,001 to 24 lakh rupees-- 25% Above 24 lakh---30%