Finance Minister: Government has changed the Income tax slabs. 04 Feb 2020 kamlesh Legal Updates Comments Off on Finance Minister: Government has changed the Income tax slabs. Income From Rs 2.5-5 Lakh tax 5% Income From 5-7.5 Lakh tax 10% Income From 7.5-10 Lakh tax 15% Income From 10-12.5 Lakh tax 20% Income From 12.5-15 Lakh tax 25% Income Above 15 Lakh tax 30%