<ul><li>Under the new tax regime, the highest tax rate of 30% applies to incomes above Rs 24 lakh, up from Rs 15 lakh in the previous structure.</li><li>The basic exemption limit has been raised to Rs 4 lakh, and the standard deduction has increased from Rs 50,000 to Rs 75,000.</li><li>Under the new tax slabs, taxpayers with a net taxable income of up to Rs 12 lakh can claim a rebate of Rs 60,000, reducing their tax to zero.</li><li>Individuals can save a significant amount under the new tax slab, such as up to Rs 1,57,500 for an income of Rs 15,00,000.</li></ul>

Income Tax Calculation: How Much Will You Save Under New Slabs?

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