Union Budget 2023: Tax expert decodes new tax slabs and how much tax one has to pay

Watch as CA and Tax Expert Vinod Jain decodes the new tax slabs that were announced by the Union Finance Minister Nirmala Sitharaman today in the Union Budget 2023.

Under the revamped new tax regime, no tax would be levied for income up to Rs 3 lakh. Income between Rs 3-6 lakh would be taxed at 5 per cent; Rs 6-9 lakh at 10 per cent, Rs 9-12 lakh at 15 per cent, Rs 12-15 lakh at 20 per cent and income of Rs 15 lakh and above will be taxed at 30 per cent.