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The BJP Government has announced some sops to the IT payers. This is under the new regime. The FM also announced on the review of the IT act. The tax exemption for the charities will be merged.
1.Standard deduction raised to 75000 Rs
2. up to 3 lakh Rs no tax.
3.17500 saving under next tax regime
4. Deduction on family persnion up to 25000
5. 3-7 lakh it is 5percent tax.
6. 7-10 lakh ten percent tax
7. 10 -12 lakhs income the tax is 15 percent
8.12 to 15 lakh it is twenty percent
9. Above 15 lakh it is 30 percent
10. The sense fell by one thousand points
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