Income Tax on 15 Lakh Salary — Save Maximum Tax in Both Regimes
Calculate income tax on Rs 15 lakh salary under old and new regimes. See exact tax savings with 80C 80D HRA NPS and home loan deductions for FY 2025-26.
Rs 15 lakh is where the old vs new regime decision becomes most impactful. Under the new regime with standard deduction your tax is approximately Rs 1.56 lakh. Under the old regime with aggressive tax planning including 80C HRA 80D and NPS deductions you can reduce tax to Rs 1.0-1.2 lakh. The savings of Rs 35000-55000 are worth the effort of proper tax planning.
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Key Information
| Parameter | Details |
|---|---|
| New Regime Tax (approx) | Rs 1,56,250 |
| Old Regime Tax (max deductions) | Rs 1,00,000 - Rs 1,20,000 |
| Potential Annual Savings | Rs 35,000 - Rs 55,000 |
| Marginal Tax Rate | 25% (new) vs 30% (old above Rs 10L) |
Optimize tax on 15 lakh salary
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Use Calculator NowFrequently Asked Questions
How much tax on 15 lakh salary new regime?
Under the new tax regime for FY 2025-26 on Rs 15 lakh salary: Standard deduction Rs 75000 makes taxable income Rs 14.25 lakh. Tax calculation: 0% up to Rs 3L + 5% on Rs 3-7L (Rs 20000) + 10% on Rs 7-10L (Rs 30000) + 15% on Rs 10-12L (Rs 30000) + 20% on Rs 12-14.25L (Rs 45000) = Rs 1.25 lakh minus Rs 0 rebate = approximately Rs 1.56 lakh including cess.
Best tax saving investments for 15 LPA employee?
For maximum savings invest Rs 1.5 lakh in ELSS mutual funds (80C) for growth plus tax saving. Take Rs 25000 health insurance (80D). Invest Rs 50000 in NPS for extra 80CCD(1B) deduction. If you have a home loan claim Rs 2 lakh interest (Section 24). Claim full HRA exemption with rent receipts. This combination provides approximately Rs 4.5-5 lakh in total deductions.
Should I switch to new regime at 15 LPA?
Switch to new regime only if your total deductions are below Rs 3.75 lakh. At 15 LPA most employees who actively invest and pay rent in metros will have deductions exceeding Rs 4 lakh making the old regime better. However if you live in your own house and do not have a home loan or significant investments the new regime with its simpler lower rates may win.
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Last updated: 24 March 2026