Tax on ₹15 Lakh Salary: New vs Old Regime Detailed Breakdown
On a ₹15 Lakh salary, New Regime tax is just ₹97,500 after ₹75k standard deduction (AY 2026-27). Old Regime requires over ₹4.5 Lakh in deductions to break even.
Key Financial Takeaways
- Gross Salary: ₹15,00,000. Taxable Income: ₹14,25,000 under New Regime.
- New Regime Tax Payable: ₹97,500 (Effective tax rate only 6.50%).
- Old Regime Tax without deductions is ₹2,73,000 — New Regime saves ₹1,75,500.
Calculate Tax on ₹15 Lakh
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Slab Breakdown for ₹15 Lakh under New Regime (AY 2026-27)
0 - 4L (0%): ₹0
4L - 8L (5%): ₹20,000
8L - 12L (10%): ₹40,000
12L - 14.25L (15%): ₹33,750
Subtotal: ₹93,750 + 4% Cess (₹3,750) = ₹97,500 Total Tax Payable.
Frequently Asked Questions
What deductions beat New Regime for ₹15L salary?
You need 80C (₹1.5L) + 80D (₹50k) + HRA (₹1.5L+) + Home loan interest (₹2L) totaling over ₹4.5 Lakh to make Old Regime beneficial.
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