There's no tax on income up to ₹3 lakh/year, 5% tax on ₹3-7 lakh, 10% on ₹7-10 lakh, 15% on ₹10-12 lakh, 20% on ₹12-15 lakh, and 30% on ₹15-lakh-plus income under the new regime. Under old regime, there's no tax on income up to ₹2.5 lakh/year, 5% on ₹2.5-5 lakh, 20% on ₹5-10 lakh and 30% on ₹10-lakh-plus income.