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Income tax on ₹15 lakh salary (FY 2026-27)
New regime
₹97,500
₹8,125 a month · 6.5% of salary
Old regime, ₹1.5 lakh 80C
₹2,10,600
₹17,550 a month
On a gross salary of ₹15,00,000, the old regime is cheaper only if your deductions and exemptions are more than about ₹5,43,800.
New regime working
| Gross salary | ₹15,00,000 |
|---|---|
| Standard deduction | − ₹75,000 |
| Taxable income | ₹14,25,000 |
| Slab | Rate | Tax |
|---|---|---|
| ₹0–4 lakh | 0% | ₹0 |
| ₹4–8 lakh | 5% | ₹20,000 |
| ₹8–12 lakh | 10% | ₹40,000 |
| ₹12–14.25 lakh | 15% | ₹33,750 |
| Tax on slabs | ₹93,750 |
|---|---|
| Cess (4%) | ₹3,750 |
| Total tax | ₹97,500 |
Old regime with different deductions
Deductions here mean 80C, 80D, HRA exemption, home loan interest and the like, on top of the ₹50,000 standard deduction.
| Deductions | Taxable income | Tax | vs new regime |
|---|---|---|---|
| ₹0 | ₹14,50,000 | ₹2,57,400 | costs ₹1,59,900 more |
| ₹1,50,000 | ₹13,00,000 | ₹2,10,600 | costs ₹1,13,100 more |
| ₹2,50,000 | ₹12,00,000 | ₹1,79,400 | costs ₹81,900 more |
| ₹3,75,000 | ₹10,75,000 | ₹1,40,400 | costs ₹42,900 more |
| ₹5,00,000 | ₹9,50,000 | ₹1,06,600 | costs ₹9,100 more |
Calculate with your own deductions · In-hand pay on a ₹15 lakh CTC
Frequently asked questions
How much tax do I pay on ₹15 lakh salary?
₹97,500 for the year under the new regime in FY 2026-27, including 4% cess. Under the old regime with ₹1.5 lakh of 80C deductions, it is ₹2,10,600.