Big Relief For Middle-Class, No Income Tax Till Rs 7 Lakh

New Delhi, 1/2:In a big relief to middle-class, Finance Minister Nirmala Sitharaman on Wednesday stated “tax rebate limit increased to Rs 7 Lakh”. “The new tax rates are 0 to Rs 3 lakhs – nil, Rs 3 to 6 lakhs – 5%, Rs 6 to 9 Lakhs – 10%, Rs 9 to 12 Lakhs – 15%, Rs 12 to 15 Lakhs – 20% and above 15 Lakhs – 30%, ” Sitharaman said in her Budget speechNew personal income tax rates –

0 to Rs 3 lakhs – Ni

Rs 3 to 6 lakhs – 5

Rs 6 to 9 Lakhs – 10

Rs 9 to 12 Lakhs – 15

Rs 12 to 15 Lakhs – 20

Above Rs 15 Lakhs – 30%%%%%l