Tax on ₹15 Lakh Salary: New vs Old Tax Regime (FY 2025-26)
Earning ₹15 Lakhs (15 LPA) is a major milestone. Under the New Tax Regime (FY 2025-26), your taxable income after the ₹75,000 Standard Deduction is ₹14.25 Lakhs. Since this exceeds the ₹12 Lakh rebate limit, you pay tax of ₹97,500 — still far lower than the Old Regime.
For a ₹15 Lakh salary, the New Tax Regime is the clear winner. Your total tax will be ₹97,500.
Verify with our Calculator:
Includes 80C, 80D, HRA, Home Loan Interest etc.
New Regime saves you ₹1,59,900 🎉
Monthly In-Hand Breakdown
| Component | New Regime (Recommended) | Old Regime (No Deductions) |
|---|---|---|
| Gross Salary | ₹1,25,000 | ₹1,25,000 |
| Less: PF (Est.) | - ₹7,500 | - ₹7,500 |
| Less: Prof Tax | - ₹200 | - ₹200 |
| Less: TDS (Tax) | - ₹8,125 | - ₹21,450 |
| In-Hand Salary | ₹1,09,175 | ₹95,850 |
*Old Regime assumes standard deduction only.
Where Does Your ₹15,00,000 Go?
Annual take-home pay.
New Regime Tax.
Compulsory savings.
Tax Calculation (New Regime – FY 2025-26)
Taxable Income: ₹15,00,000 - ₹75,000 = ₹14,25,000.
| Slab | Rate | Tax |
|---|---|---|
| 0 - ₹4 Lakhs | Nil | ₹0 |
| ₹4 Lakhs - ₹8 Lakhs | 5% | ₹20,000 |
| ₹8 Lakhs - ₹12 Lakhs | 10% | ₹40,000 |
| ₹12 Lakhs - ₹14.25 Lakhs | 15% | ₹2,25,000 × 15% = ₹33,750 |
| Gross Tax | - | ₹93,750 |
| Less: Rebate 87A | - | ₹0 (limit exceeded) |
| Net Payable (+4% cess) | - | ₹97,500 |
New vs Old Regime
| Feature | New Regime | Old Regime (No Ded.) |
|---|---|---|
| Tax Payable | ₹97,500 | ₹2,57,400 |
| Savings | New Regime saves you ₹1,59,900 | |
Which Regime Should You Choose?
Lives with parents or pays rent but has basic investments.
- Rent / HRA: Minimal or ₹0
- 80C Investment: ₹50k–₹1.5L
Has home loan, pays rent (HRA), and maxes out deductions.
- Home Loan Interest: ₹2 Lakhs
- 80C: ₹1.5 Lakhs
- 80D (Medical): ₹50k
*Savings are approximate and based on FY 2025-26 tax slabs. Use the calculator above for your exact situation.
The Break-Even Point
To beat the New Regime tax of ₹97,500, you need total deductions exceeding:
₹4,50,000
This requires: Full 80C (₹1.5L) + 80D (₹25k) + substantial HRA or Home Loan Interest (> ₹2.75 Lakhs). For most people at 15 LPA, New Regime remains simpler and better.
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.
This content is prepared and reviewed using RBI circulars, official lender disclosures, and current Indian tax references. Numbers are educational estimates, not personalized advice.
Apr 2026
Source cross-check and periodic QA
Actual outcomes can vary by borrower profile, bank policy, market conditions, and future rule changes. Validate important decisions with a certified professional.
Calculations are based on income tax slabs for FY 2025-26 applicable to resident individuals below 60 years.