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## ERPNext v12.8.0 Release Note
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#### Income Tax Slab
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Introduced a brand new **[Income Tax Slab](http://docs.local:8000/docs/user/manual/en/human-resources/income-tax-slab)** document to define individial's income tax rates based on different taxable income slab directed by the Government.
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Introduced a brand new **[Income Tax Slab](https://docs.erpnext.com/docs/user/manual/en/human-resources/income-tax-slab)** document to define individial's income tax rates based on different taxable income slab directed by the Government.
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Using this document, Indian users will now be able to define income tax slabs for both old (2019) and new tax regime (2020).
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#### Salary Component Exempted from Income Tax
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