Tax on ₹15 Lakh Salary: New vs Old Tax Regime (FY 2025-26)
Earning ₹15 Lakh per annum puts you in a significant income bracket in India. It brings financial freedom but also a higher tax liability. The biggest question for FY 2025-26 is: Should you stick to the Old Regime for deductions or switch to the New Regime for lower rates?
For a ₹15 Lakh salary, the New Tax Regime is generally better. You will pay approx ₹1,30,000 in tax.
Includes 80C, 80D, HRA, Home Loan Interest etc.
New Regime saves you ₹1,27,400 🎉
To make the Old Regime beneficial, you need to claim deductions totaling more than ₹4.33 Lakhs.
Monthly In-Hand Breakdown
| Component | New Regime | Old Regime |
|---|---|---|
| Gross Salary | ₹1,25,000 | ₹1,25,000 |
| Less: PF (Est.) | - ₹7,500 | - ₹7,500 |
| Less: Prof Tax | - ₹200 | - ₹200 |
| Less: TDS | - ₹10,833 | - ₹21,450 |
| In-Hand Salary | ₹1,06,467 | ₹95,850 |
*Old Regime assumes standard deduction only.
Where Does Your ₹15,00,000 Go?
Disposable income.
New Regime Tax.
Compulsory savings.
Tax Calculation (New Regime)
Taxable Income: ₹15,00,000 - ₹75,000 = ₹14,25,000.
| Slab | Rate | Tax |
|---|---|---|
| 0 - 3L | Nil | 0 |
| 3L - 7L | 5% | ₹20,000 |
| 7L - 10L | 10% | ₹30,000 |
| 10L - 12L | 15% | ₹30,000 |
| 12L - 14.25L | 20% | ₹45,000 |
| Total + Cess(4%) | - | ₹1,30,000 |
New vs Old Regime
| Feature | New Regime | Old Regime (No Ded.) |
|---|---|---|
| Tax Payable | ₹1,30,000 | ₹2,57,400 |
| Savings | New Regime saves you ₹1,27,400 | |
Which Regime Should You Choose?
Lives with parents, basic investments.
- Rent Paid: ₹0
- 80C Investment: ₹50k
Has Home Loan, 80C, Medical Insurance.
- Home Loan Int: ₹2L
- 80C: ₹1.5L
- 80D: ₹50k
The Break-Even Point
If your total deductions (Standard Deduction + 80C + HRA + Home Loan + 80D) exceed:
₹4,33,000
Switch to Old Regime. Otherwise, stick to New Regime.
Final Verdict
For a ₹15 Lakh salary, the New Tax Regime is the clear winner for 80% of taxpayers. It offers a higher in-hand salary of roughly ₹1.06 Lakhs/month without the hassle of investment proof submission.
Fincado Research Team
Fact CheckedOur analysis is built on deep-dive research into RBI Benchmarks and lender-specific disclosures. We verify every interest rate and fee structure against real-world borrower approvals to ensure the highest level of accuracy for Indian home buyers.
Calculations are based on income tax slabs for FY 2025-26 applicable to resident individuals below 60 years.