Budget 2023-24: Revised Income Tax Slabs Under New Tax Regime | Indiatimes

#DidYouKnow The Income Tax rates in India during early 1970s were spread between 11 slabs, with taxpayers in the highest slab paying as much as 97.75%! Although tax rates between the lowest and highest slabs ranged between 10% and 85%, there was a surcharge of 15% resulting in the highest effective tax rate of 97.75%. Tune in to know more about why the government decided to take this step! Source: Economic Times #Tax #TaxFacts #TaxIndia #India #IncomeTax #PersonalFinance #Taxation #Trivia #TaxSa