Income Tax on ₹15 Lakh Salary in FY 2026-27
New regime: ₹97,500 including 4% cess (≈₹8,125/month TDS). Old regime with 80C + 80D: ₹2,02,800. New wins by ~₹1.05 lakh — full working below.
including 4% cess • ≈₹8,125/month TDS • resident individual under 60
Step-by-step calculation (new regime)
| Step | Amount |
|---|---|
| Gross salary | ₹15,00,000 |
| − Standard deduction (salaried) | ₹75,000 |
| Taxable income | ₹14,25,000 |
| ₹0–4L @ nil | ₹0 |
| ₹4–8L @ 5% | ₹20,000 |
| ₹8–12L @ 10% | ₹40,000 |
| ₹12–14.25L @ 15% | ₹33,750 |
| Tax before cess | ₹93,750 |
| + 4% Health & Education Cess | ₹3,750 |
| Total tax | ₹97,500 |
Monthly TDS and in-hand salary
| Component (monthly) | Amount |
|---|---|
| Gross salary (₹15L ÷ 12) | ₹1,25,000 |
| − TDS (₹97,500 ÷ 12) | ₹8,125 |
| − Employee PF (approx) | ≈ ₹7,500 |
| − Professional tax | ₹200 |
| In-hand salary (approx) | ≈ ₹1,09,000 |
New vs old regime — which wins at ₹15L?
| Regime | Taxable income | Total tax |
|---|---|---|
| New (₹75k std ded only) | ₹14,25,000 | ₹97,500 |
| Old (₹50k std ded + ₹1.5L 80C + ₹25k 80D) | ₹12,75,000 | ₹2,02,800 |
Tax on other salaries
₹10 lakh salary → ₹0 · ₹12 lakh → ₹0 · ₹20 lakh → ₹1,92,400 · ₹50 lakh → ₹10,99,800. Or calculate your exact salary →
By TaxSetu Editorial Team · Last reviewed: 7 October 2026
Based on the Income-tax Act 2025, Income Tax Rules 2026 and CBDT notifications; sections per the Income-tax Act 1961 (as amended) with 2025-Act mappings where notified · Verify on the official portal: incometax.gov.in
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Frequently Asked Questions
₹97,500 including 4% cess. Taxable income is ₹14,25,000 after the ₹75,000 standard deduction; slab tax is ₹93,750 plus ₹3,750 cess. No rebate applies above ₹12L taxable.
About ₹8,125 per month (₹97,500 ÷ 12), deducted by your employer under Section 392 (old 192).
Usually the new regime — ₹97,500 vs ~₹2,02,800 in the old regime with typical 80C + 80D deductions. The old regime needs total deductions above ~₹4.4 lakh to compete.
Approximately ₹1,09,000 per month after ~₹8,125 TDS, ~₹7,500 PF and ₹200 professional tax.