Editorial Note: This article is written with editorial review and topic relevance in mind.
Under the new regime, the following tax rates apply to individuals (below 60 years of age): ₹8 lakh to ₹12 lakh at 10%; A standard deduction of ₹50,000 is also available under the new regime, and rebate.
How N.J. actor Dominic Sessa of ‘The Holdovers’ became a breakout star
₹4 lakh to ₹8 lakh is taxed at 5%; With more exemptions and deductions.
