Default regime
- Estimated tax
- ₹97,500
- Monthly income after income tax
- ₹1,16,875
- Represented total income
- ₹14,25,000
- Effective tax rate
- 6.50%
Regime comparison with editable assumptions
Old vs New Regime for ₹15 Lakh Salary
Compare ₹15 lakh salary using a disclosed ₹2.25 lakh optional-old-regime deduction scenario.
How much tax is payable on this salary?
With the disclosed deductions, the estimated default-regime tax is ₹97,500, compared with ₹1,87,200 under the represented optional-old-regime inputs.
The old-regime column deliberately includes ₹1.5 lakh under Section 123/Schedule XV, ₹50,000 eligible own NPS contribution and ₹25,000 self/family medical-insurance premium.
Worked-example age assumption: the static optional-old-regime result uses the regular below-60 slab table. If you are 60–79 or 80+, choose the matching age category in the interactive calculator below.
Optional old regime
- Estimated tax
- ₹1,87,200
- Monthly income after income tax
- ₹1,09,400
- Represented total income
- ₹12,25,000
- Effective tax rate
- 12.48%
Decision check before using this salary example
Compare the old regime only after entering your actual HRA, eligible deductions and any other income. The lower result can change when a payroll assumption is different.
Test your actual facts in the income-tax calculatorRelated salary-tax examples
Compare nearby salary levels and the surcharge boundary before choosing the result that matches your facts.
Tax on ₹15 Lakh Salary in 2026-27Calculate tax on ₹15 lakh salary in Tax Year 2026-27 and compare default versus optional-old-regime results with editable deductions.Tax on ₹12 Lakh Salary in 2026-27Calculate tax on ₹12 lakh salary in Tax Year 2026-27 under the default and optional old regimes, including the rebate boundary and post-tax income.Tax on ₹20 Lakh Salary 2026-27See income tax on ₹20 lakh salary for Tax Year 2026-27 under the default and optional old regime, with the salary deduction and a worked comparison.
Calculation sequence
Gross income → applicable salary standard deduction → represented total income → slab tax → rebate or marginal relief → surcharge → 4% cess.
Why this result changes
The deductions are a scenario, not an entitlement. Remove any amount you did not actually pay or cannot substantiate.
Interactive
Replace the example deductions with your actual amounts
Income Tax Calculator (Tax Year 2026-27)
Compare old and default regimes for Tax Year 2026-27 under the Income-tax Act, 2025 as amended by Finance Act, 2026.
Scope: salary or other normal-rate income only. Use the capital-gains, crypto or other specialist calculator for special-rate income, winnings, losses or treaty positions.
Lower Tax in This Entered ScenarioNew Regime is lower by ₹89,700 in this estimate
New Regime: Lower Estimate
New Regime Has the Lower Estimate
You save ₹89,700 in annual tax under the New Regime.
Monthly Tax Difference₹7,475/mo
Component
New Regime (FY 26-27)
Old Regime
Gross Annual Salary / Income₹15,00,000₹15,00,000
Standard Deduction-₹75,000-₹50,000
Entered deductions & exemptions₹0-₹2,25,000
Net Taxable Income₹14,25,000₹12,25,000
Base Income Tax₹93,750₹1,80,000
Tax Rebate (Section 156 / legacy Section 87A)-₹0-₹0
Marginal rebate relief-₹0₹0
Surcharge after marginal relief₹0₹0
Health & Education Cess (4%)₹3,750₹7,200
Total Annual Tax Liability₹97,500₹1,87,200
Monthly Income After Tax Only₹1,16,875₹1,09,400
The lower figure is not personal regime advice. The comparison uses only the inputs shown and excludes payroll deductions, capital-gain details, losses, treaty positions, and unmodelled exemptions.
Gross Income vs Estimated Income Tax (New Regime)
Live BreakdownGross Salary₹15,00,000
Income After Tax Only
₹14,02,50094%
Total Tax Payable
₹97,5007%
Official statutory sources
Income Tax Department · Government of India
FAQ
Is this the amount credited to my bank?
No. It is gross represented income less estimated income tax only. Payroll and salary-structure deductions are separate.
Can I change every assumption?
Yes. The calculator below exposes income, residence, employment type and represented old-regime deductions.
Is this legal or filing advice?
No. It is a planning illustration using the cited Tax Year 2026-27 rules. Verify the return utility and your facts before filing.