Union Budget 2020: Income Tax Rates Slashed

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#budget2020 FY 2020-21
What are new Income Tax Rates ?

Hon'ble Finance Minister announced this in her budget today -

Income Tax rates slashed for facilitating ease of living.
0-5 lac- Nil
5-7.5 lac - 10%
7.5-10 lac - 15% (against 20%)
10-12.5 lac - 20% (against 30%)
12.5 to 15 lac - 25% (against 30%)
More than 15 lac - 30% No change
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