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.
Nitin researches and writes all financial guides on Fincado, cross-checking figures against RBI circulars, official bank disclosures, and the Income Tax Act. Content on this site is independent analysis — not personalized financial advice.
Jun 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.