FM proposes new income tax slabs

0 to Rs 3 lakh - NIL

Rs 3 lakh to 7 lakh - 5%,

Rs 7 lakh to 10 lakh - 10%,

Rs 10 lakh to 12 lakh - 15%,

Rs 12 lakh to 15 lakh - 20%,

Above Rs 15 lakh - 30%