Income Tax on ₹15 Lakh Salary — New Regime Calculator
On ₹15 lakh income under new regime: tax is ₹1,12,500, cess ₹4,500, total ₹1,17,000. Effective tax rate: 7.8%. Take-home after tax: ~₹13.83 lakh annually or ~₹1.15 lakh/month.
Standard deduction of ₹75,000 already available under new regime
Income Tax
₹1,05,000
Health & Education Cess (4%)
₹4,200
Total Tax Payable
₹1,09,200
Effective Tax Rate
7.28%
New Regime Tax Slabs (FY 2025-26)
| Income Range | Tax Rate |
|---|---|
| ₹0 – ₹4L | Nil |
| ₹4L – ₹8L | 5% |
| ₹8L – ₹12L | 10% |
| ₹12L – ₹16L | 15% |
| ₹16L – ₹20L | 20% |
| ₹20L – ₹24L | 25% |
| Above ₹24L | 30% |
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Common questions about Income Tax on ₹15 Lakh Salary — New Regime Calculator
How much tax on ₹15 lakh salary in new regime?
Under new regime for FY 2025-26: taxable income ₹15 lakh after standard deduction of ₹75K = ₹14.25L. Tax: ₹0 on first ₹4L + ₹20K (4-8L at 5%) + ₹40K (8-12L at 10%) + ₹33,750 (12-14.25L at 15%) = ₹93,750. Plus 4% cess = ₹97,500.