This is an apt explanation...

The new tax slabs still apply to everyone.
However, if your total taxable income is ₹12 lakh or below, a rebate is provided to nullify your tax.
This means you technically fall into the tax brackets, but you don't actually pay tax.

Example:
For someone earning ₹12 lakh:

Tax calculation as per new slabs:
₹0 - ₹4 lakh → 0% tax = ₹0
₹4 - ₹8 lakh → 5% tax = ₹20,000
₹8 - ₹12 lakh → 10% tax = ₹40,000
Total tax before rebate = ₹60,000
Rebate under Section 87A: ₹60,000

Final Tax Payable = ₹0

New tax slabs!!!

Total Income - Tax Rate
Up to 12,00,000 - Nil
4,00,001 to 8,00,000 - 5%
8,00,001 to 12,00,000 - 10%
12,00,001 to 16,00,000 - 15%
16,00,001 to 20,00,000 - 20%
20,00,001 to 24,00,000 - 25%
Above 24,00,000 - 30%

Bought banknifty 49300 put at 50 as hero zero

Update 95++)))

FIIs sold just ₹2,500 crore in the cash market today, but the panic made it feel like ₹10,000 crore or more. DIIs bought ₹6,000 crore in the cash market. Retail investors and HNIs clearly cut their positions as Nifty unexpectedly hit its 200 DMA. Hopefully, the market settles down, and today’s low holds tomorrow.

51800 ce try as hero zero Cmp 40

51800 ce try as hero zero

Cmp 40

Risky call

Buy bnf 49700 call at 50
Add at 20
Target 70/80/90

As hero zero

Update 90 done ✅?

Risky call Buy bnf 49700 call at 50 Add at 20 Target 70/80/90 As hero zero

Risky call

Buy bnf 49700 call at 50
Add at 20
Target 70/80/90

As hero zero

Hero zero 50100 put banknifty at 50 No sl Target ?