023-24. A few days ago, someone circulated fake news regarding the tax increase. For this purpose, the government stated that it was not valid/authentic. The revised tax rates do not affect all Government Employees. According to revised Tax Slabs, the rate of tax increases gradually on income. The Revision in Tax Slabs is for years 2023-24. The employees shall pay more tax per new tax slab as it is effective on Government Employees/ Salaried individuals. The New tax slab shows the change in the tax rate as per Taxable salary. It also shows the monthly and annual impact of tax on the wages of employees.
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Revised Income Tax Slabs 2023-24 for Salaried Persons
| Monthly Salary | Monthly Tax | Impact on Monthly Salary | Impact on an annual basis | Change in Monthly Salary (%) | |
| 022-23 | 023-24 | ||||
| 50,000 | 0 | 0 | 0 | 0 | |
| 60,000 | 0 | 0 | 0 | 0 | 0% |
| 70,000 | 00 | 00 | 0 | 0 | 0% |
| 80,000 | 0 | 0 | 0 | 0 | 0% |
| 90,000 | 000 | 000 | 0 | 0 | 0% |
| 100,000 | 0 | 0 | 0 | 0 | 0% |
| 125,000 | 0 | 0 | 0% | ||
| 150,000 | 00 | 00 | 0 | 0 | 0% |
| 175,000 | 0,625 | 0,625 | 0 | 0 | 0% |
| 200,000 | 0 | 0 | 0 | 0 | 0% |
| 225,000 | 0 | 00 | |||
| 250,000 | 0 | 000 | 000 | ||
| 275,000 | 0 | 0,625 | 000 | ||
| 300,000 | 0 | 0 | 00 | 0,000 | |
| 350,000 | 0 | 0,000 | 0 | 000 | |
| 400,000 | 0 | 0 | 000 | 0,000 | |
| 450,000 | 0 | 00 | 0 | 000 | |
| 500,000 | 0 | 0 | 00 | 0,000 | 0% |
| 600,000 | 0 | 0 | 0,000 | 0,000 | |
| 700,000 | 0 | 0 | 00 | 0,000 | |
| 800,000 | 0 | 0 | 000 | 0,000 | |
| 900,000 | 0 | 0 | 00 | 0,000 | |
| 1,000,000 | 0 | 0 | 0,000 | 0,000 | |
| 12,000,000 | 0 | 0 | 0,000 | 0,000 | |
