How Is The Govt Charging You Excess Taxes? Union Budget 2012-13 Changed 20 And 30 Per Cent Tax Slabs Tax Slabs In The Old Regime Seem To Be Frozen At 2013 Levels This Has Levied Inflated Taxes On The People These Rates Don't Factor In The Rise In Living Costs This Impacts The Purchasing Power Of Individuals New Tax Regime Impacts Taxpayers With High Income Level Experts Have Called For A Change In Tax Slabs Accounting For Current Inflation Levels