Budget and You: Revised tax slabs, more tax saving

The Union Budget has been a Diwali come early for taxpayers. The government has proposed a revised new tax regime that aims to reduce tax burden by 25-100 per cent for incomes up to Rs 24 lakh. Who will benefit? Based on your annual income, here's how much tax you can expect to save: Those earning below Rs 12 lakh (or Rs 1