Income Tax Calculator for ₹15 Lakh Salary
Calculate your tax liability under both old and new tax regimes for FY 2025-26. See exactly how much you can save.
Your Salary Details
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₹
Deductions (Old Regime)
₹
₹
₹
₹
₹
New Regime Tax
₹97,500
Lower slabs + ₹75k standard deduction
Old Regime Tax
₹83,720
With all deductions
Tax Savings
₹0
New regime is better
Better Regime
old
Based on your deductions
Detailed Breakdown
New Tax Regime
Gross Salary: ₹15,00,000
Standard Deduction: ₹75,000
Taxable Income: ₹14,25,000
Tax: ₹93,750
Cess (4%): ₹3,750
Total Tax: ₹97,500
Old Tax Regime
Gross Salary: ₹15,00,000
HRA Exemption: ₹2,85,000
Standard Deduction: ₹50,000
Total Deductions: ₹6,60,000
Taxable Income: ₹8,40,000
Total Tax: ₹83,720
How to Use This Calculator
- 1. Your gross salary of ₹15,00,000 is pre-filled. Adjust if needed.
- 2. Under New Regime: Taxable = ₹15,00,000 - ₹75,000 = ₹14,25,000 → ~₹1,25,000 tax
- 3. Under Old Regime: With ₹3,00,000 deductions, taxable = ₹12,00,000 → ~₹1,15,000 tax
- 4. Compare both regimes to see which saves you more money.
Frequently Asked Questions
Updated: April 2026