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TY 2026-27 · new regime default · salaried

How much tax on a ₹15 lakh salary?

SourcedSource: Income-tax Act, 2025 read with Finance Act, 2026Compiled 1 July 2026CA review in progress: how verification works

A ₹15 lakh annual salary pays, under the new regime,

₹97,5006.5% effective · ₹8,125/month

Old regime (zero deductions)₹2,57,400
Monthly in-hand after income tax₹1,16,875
Taxable income₹14,25,000

The slab-wise working

BandRateTax
₹0 – ₹4L0%₹0
₹4L – ₹8L5%₹20,000
₹8L – ₹12L10%₹40,000
₹12L – ₹16L15%₹33,750
Health & education cess (4%)+ ₹3,750
Total₹97,500

Assumes salary income only, the standard deduction, and no other adjustments. Your own picture (deductions, HRA, capital gains) belongs in the full calculator, prefilled with ₹15 lakh.

Questions people ask

How much tax on a ₹15 lakh salary in 2026?

₹97,500 for TY 2026-27 under the default new regime, assuming the ₹75,000 standard deduction and no other adjustments. That's an effective rate of 6.5%, or roughly ₹8,125 deducted each month.

What is the in-hand salary for ₹15 lakh per year?

About ₹1,16,875 a month after income tax (₹1,25,000 gross monthly minus ₹8,125 tax). EPF, professional tax and other deductions reduce it further; those depend on your employer's structure.

Is the old regime better at ₹15 lakh?

Not without deductions: at zero deductions the old regime charges ₹2,57,400 against the new regime's ₹97,500. With enough 80C/80D/HRA/home-loan deductions the gap can close; the regime comparison page shows the exact break-even.

Other incomes

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