Decoded: How 87A Rebate Revises Your Income Tax in Budget 2023

In Budget 2023 there is a new tax regime in place with revised tax rates.Under this new regime, people earning between 0-3 lakh rupees have a tax rate of zero. Those earning between 3-6 lakh rupees will pay a 5% tax rate, while those earning between 6-9 lakh rupees will pay a 10% tax rate.