This is another confusion some people have
Some people think there is ZERO tax now in new tax regime for income slab 2.5 to 5 lacs
No, it is still 5% tax
But if ur taxable income is < 5 lacs then u get rebate so becomes zero
But if ur taxable income > 5 lacs, then it is there
Some people think there is ZERO tax now in new tax regime for income slab 2.5 to 5 lacs
No, it is still 5% tax
But if ur taxable income is < 5 lacs then u get rebate so becomes zero
But if ur taxable income > 5 lacs, then it is there