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One clarification on new tax - The 0 tax on income up to Rs 12 lakh is applicable only when your income is below 12 lakh. Well, adding standard deduction of 75k, it would be 12.75 lakh.
However if your income is more than 12.75 lakh, you will have to pay full tax from 4 lakh and abv.
0-4 lakh - 0 tax 4-8 lakh - 5% tax 8-12 lakh - 10% tax 12-16 lakh - 15% tax 16-20 lakh - 20% tax 20-24 lakh - 25% Abv 24 lakh - 30%This is applicable only in new tax rate 👀
