Benefits Of The New Income Tax Regime

Hike In Exemption Limit From Rs 2.5 Lakh To Rs 3 Lakh

Simplified Tax Structure With Less Deductions

Reduced Surcharge Rate On Income Over Rs 5 Crore From 37 Per Cent To 25 Per Cent

Rebate Limit Hiked To Rs 25,000 From Rs 12,500 For Income Up To Rs 7 Lakh

Standard Deduction Of Rs 50,000 Applicable In The New Regime Also

Exemption Limit For Leave Encashment For Government Employees Raised From Rs 3 Lakh To Rs 25 Lakh

Deductions From Family Pension Income, Contributions To Agniveer Corpus Fund Included

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