Income Tax on ₹15 Lakh Salary in India (FY 2025-26 / AY 2026-27)
Estimated tax calculation under new and old regime. Monthly take-home. Based on AY 2026-27 public guidance and shown assumptions; verify before filing.
✓ AY 2026-27 source checked✓ Assumptions shown✓ Marginal relief applied
Updated May 29, 2026 · Source: Income Tax Department AY 2026-27 guidance · public source links shown below
💡 On ₹15 Lakh salary, new regime saves you ₹1,13,100/year
New regime total tax: ₹97,500 vs old regime (with ₹80C+₹80D): ₹2,10,600. New regime wins by ₹1,13,100 unless you have large HRA or home loan deductions.
📊 SOURCE-CHECKED ESTIMATE — Tax on ₹15 Lakh Salary
Annual Tax
₹97,500
New regime
Monthly Tax
₹8,125
Per month
Monthly Take-Home
₹1,16,875
After tax only
Step-by-Step Calculation (New Regime)
Gross annual salary
₹15,00,000
Less: Standard deduction (salaried)
− ₹75,000
Taxable income
₹14,25,000
Tax on slabs (Income Tax Department guidance, Income Tax Department slab guidance)
₹93,750
Add: 4% Health & Education Cess
₹3,750
Total income tax payable
₹97,500
Effective tax rate: 6.50% of gross salary · Source: Income Tax Department guidance (Income Tax Department slab guidance) · official Income Tax Department guidance
New Regime vs Old Regime — ₹15 Lakh Salary
The right regime depends on your deductions. Here's the comparison assuming typical ₹80C (₹1.5L) + ₹80D (₹25K) deductions in old regime:
🆕 New Regime
₹97,500
Taxable: ₹14,25,000 · Std ded: ₹75,000
✓ Better — saves ₹1,13,100/year
📋 Old Regime
₹2,10,600
With ₹80C ₹1.5L + ₹80D ₹25K deductions
💡 Rule of thumb for ₹15 Lakh salary: New regime wins unless you have HRA exemption above ₹2.3 lakh or home loan interest deduction. Use our calculator for your exact number.
Approximate monthly figures (new regime, before PF and other deductions):
Component
Monthly
Annual
Gross salary (CTC)
₹1,25,000
₹15,00,000
Income tax (new regime)
₹8,125
₹97,500
In-hand (after tax only)
₹1,16,875
₹14,02,500
Note: Actual in-hand salary will be lower after PF (12% of basic), professional tax (state-specific, typically ₹200/month), and other deductions. CTC and gross salary may differ. Verify with your payslip.
📋 Before filing your FY 2025-26 ITRVerify Form 16, AIS/TIS, deductions, regime selection, and latest official due-date notifications before filing.
At ₹15 lakh, the comparison becomes more meaningful because the new regime may no longer be zero-tax, while the old regime can win only if your real deductions are strong enough. HRA, home-loan interest, NPS, 80C, 80D, and employer reimbursements should be checked together rather than separately.
Best use: compare new vs old regime using actual documents, not assumed deductions.
Common mistake: treating the old regime as better just because it has more deduction sections.
Before filing: check whether your employer’s TDS regime and your final ITR regime are aligned.
Real-world checks before using this ₹15 Lakh estimate
This page assumes a clean salary-only case. Your actual tax and in-hand salary can change when your employer splits CTC into basic pay, HRA, special allowance, employer PF, gratuity, bonus, variable pay, reimbursements, insurance deductions, professional tax, or one-time joining/retention payouts.
Metro renter: compare old regime only after checking actual rent paid, HRA received, basic salary, city type, and rent proof availability.
Bonus or variable pay: include it in annual income before deciding that a rebate or slab outcome applies.
Payroll reality: monthly take-home is normally lower than “after-tax only” because payroll deductions and benefits are separate from income tax.
Frequently Asked Questions
Under the new tax regime: gross ₹15,00,000 minus standard deduction ₹75,000 = taxable ₹14,25,000. Total income tax = ₹97,500 including 4% cess. Effective rate = 6.50%.
Monthly gross: ₹1,25,000. Monthly income tax (new regime): ₹8,125. Estimated monthly take-home (after tax only): ₹1,16,875. Your actual take-home will be lower after PF contributions (12% of basic), professional tax (~₹200/month), and other deductions from your employer.
New regime is better for most people on ₹15 Lakh salary — it saves ₹1,13,100 compared to old regime with standard ₹80C + ₹80D deductions. Use our income tax calculator to compare with your exact deductions.
₹75,000 under the new tax regime (applicable automatically — no proof needed). ₹50,000 under the old tax regime. The standard deduction was increased from ₹50,000 to ₹75,000 in Budget 2025 and continues unchanged for FY 2025-26 / AY 2026-27 under the Income Tax Department guidance.
No — taxable income ₹14,25,000 exceeds ₹12L threshold. Section 87A rebate is only available when taxable income is ₹12 lakh or less (new regime).
Maintained by the RupeeCalc editorial workflow. Last checked: 29 May 2026. This page gives informational estimates only; verify official sources, your own documents, and a qualified professional before filing taxes, taking loans, investing, invoicing, or making compliance decisions.
₹15 lakh salary: compare regime plus life decisions
At ₹15 lakh, tax planning often overlaps with rent, home loan, NPS, insurance and investment choices. Do not buy a product only to save tax. First check whether the expense is useful even without the tax benefit, then compare old-vs-new regime.
Run the calculator once with CTC and once with Form 16 taxable salary if available.
Compare new regime against only those old-regime deductions that are real and document-backed.
Use the estimate for planning, then verify official guidance and filing data before submission.