Following is the table of new tax slabs to be applicable on persons deriving

salary income:

S No. Taxable Income Rate of Tax

Where the taxable income does not exceed

01 0 percent
Rs400,000

Where the taxable income exceeds Rs400,000

02 Rs1,000
but does not exceed Rs800,000

Where the taxable income exceeds Rs800,000

03 Rs2,000
but does not exceeds Rs1,200,000

Where the taxable income exceeds Rs1,200,000 5 percent of the amount

04
but does not exceed Rs2,500,000 exceeding Rs1,200,000

Rs65,000+15 percent of
Where the taxable income exceeds Rs2,500,000
05 the amount exceeding
but does not exceeds Rs4,000,000
Rs2,500,000

Rs290,000+20 percent of
Where the taxable income exceeds Rs4,000,000
06 the amount exceeding
but does not exceed Rs8,000,000
Rs.4,000,000

Rs1,090,000+25 percent of
07 Where the taxable income exceeds Rs8,000,000 the amount exceeding
Rs8,000,000

Provided that where the taxable income exceeds eight hundred thousand rupees
the minimum tax payable shall be two thousand rupees.