NEW INCOME TAX SLABS. Shall be optional. No exemptions if you want to avail new rates. Income b/w Rs.5 - 7.5 lakh : 10% Income b/w Rs.7.5 - Rs.10 lakh: 15% Income b/w R.10 - Rs.12.5 lakh: 20% Income b/w Rs.12.5 - Rs.15 lakh: 25% Income above Rs.30 lakh: 30%.
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