Tax Calculator for ₹15 Lakh Salary
Individuals earning ₹15 Lakh need active tax planning. This bracket is often the 'tipping point' where the New Regime's lower rates compete strongly with the Old Regime's deductions.
Rs.
Investment deductions (old regime)
Rs.
Rs.
Rs.
New Regime
₹1,30,000
Saves ₹72,800Old Regime
₹2,02,800
Comparison breakdown
Standard Deduction
New₹75,000
Old₹50,000
Taxable Income
New₹14,25,000
Old₹12,75,000
Effective Tax₹1,30,000
Tax saving insights
- You are currently using the New Regime. If you have high HRA or 80C/80D investments, you might save more in the Old Regime.
- Investing in NPS (Section 80CCD) can provide an additional Rs. 50,000 deduction in the Old Regime.
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Tax Rules for Tax Calculator for ₹15 Lakh Salary
Adjust your 80C and HRA values to see if the Old Regime becomes more beneficial than the New Regime for your ₹15 lakh salary.
₹15 Lakh Old vs New
Without deductions, the New Regime tax on ₹15L is ₹1,45,600, while the Old Regime is over ₹2.5L.
Indian Income Tax FAQs
Should I opt for New Regime at 15 lakh?
If your total deductions are less than ₹3.75 Lakh, the New Regime is generally better for a ₹15 Lakh salary.