₹15 LPA (15 lakhs per annum) is a common salary milestone for mid-career professionals in India, especially in IT, consulting, and finance. But what is the actual in hand salary for 15 LPA? Let's calculate the exact take home salary under both tax regimes.
Salary Structure for ₹15 LPA
| Component | Annual | Monthly |
|---|
| Basic Salary (40%) | ₹6,00,000 | ₹50,000 |
| HRA (20%) | ₹3,00,000 | ₹25,000 |
| Special Allowance | ₹6,00,000 | ₹50,000 |
| Total CTC | ₹15,00,000 | ₹1,25,000 |
In Hand Salary Under New Tax Regime
| Step | Amount |
|---|
| Gross Income | ₹15,00,000 |
| Standard Deduction | -₹75,000 |
| Taxable Income | ₹14,25,000 |
| Tax (slab-wise) | ₹1,15,000 |
| Cess (4%) | ₹4,600 |
| Total Tax | ₹1,19,600 |
| Annual In Hand Salary | ₹13,80,400 |
| Monthly Take Home | ₹1,15,033 |
In Hand Salary Under Old Tax Regime (with deductions)
Assuming ₹1.5L under 80C, ₹25K under 80D, and ₹50K NPS under 80CCD(1B):
| Step | Amount |
|---|
| Gross Income | ₹15,00,000 |
| Standard Deduction | -₹50,000 |
| 80C Deduction | -₹1,50,000 |
| 80D Deduction | -₹25,000 |
| 80CCD(1B) NPS | -₹50,000 |
| Taxable Income | ₹12,25,000 |
| Total Tax (with cess) | ₹1,79,400 |
| Monthly Take Home | ₹1,10,050 |
Verdict: Which Regime Gives Better In Hand Salary at 15 LPA?
At ₹15 LPA, the New Tax Regime gives ~₹5,000 more per month in hand salary compared to Old Regime even with ₹2.25L in deductions. The New Regime wins unless you have very high deductions (HRA + home loan + full 80C + 80D + NPS).
→ Calculate your exact in hand salary for 15 LPA