📅 FY 2026-27 (AY 2027-28)
Income Tax on 15 LPA — 2026-27
On a 15 LPA salary (gross ~₹14,34,120), you pay ₹87,223/year (₹7,269/month) income tax under the new regime for FY 2026-27 (AY 2027-28). Effective tax rate: 6.1%.
💚
₹87,223
New Regime Tax
6.1% effective
🟠
₹2,36,845
Old Regime Tax
16.5% effective
📅
₹7,269
Monthly TDS
new regime
🏆
New ✓
Better Regime
saves ₹1,49,622/yr
Annual Income Details
FY 2026-27 (AY 2027-28)₹
Enter your gross annual salary / total income
Monthly equivalent
₹1,19,510/month
✅ New Tax Regime is better for you
You save ₹95,022 per year by choosing the new regime.
New Regime
✓ BetterGross Income₹14,34,120
Standard Deduction− ₹75,000
Taxable Income₹13,59,120
Tax on Slabs₹83,868
Rebate u/s 87ANil
SurchargeNil
Health & Ed. Cess (4%)₹3,355
Total Tax₹87,223
Effective rate6.1%
Monthly tax₹7,269/mo
Old Regime
Gross Income₹14,34,120
Standard Deduction− ₹50,000
Other Deductions− ₹1,75,000
Taxable Income₹12,09,120
Tax on Slabs₹1,75,236
Rebate u/s 87ANil
Health & Ed. Cess (4%)₹7,009
Total Tax₹1,82,245
Effective rate12.7%
Monthly tax₹15,187/mo
Tax Comparison Chart
New Regime Tax₹87,223
Old Regime Tax₹1,82,245
13%
Your Annual Income₹14,34,120
100%
New Regime — Slab Breakdown
| Income Slab | Rate | Tax |
|---|---|---|
| 0 – 4,00,000 | 0% | ₹0 |
| 4,00,000 – 8,00,000 | 5% | ₹20,000 |
| 8,00,000 – 12,00,000 | 10% | ₹40,000 |
| 12,00,000 – 16,00,000 | 15% | ₹23,868 |
| 16,00,000 – 20,00,000 | 20% | — |
| 20,00,000 – 24,00,000 | 25% | — |
| 24,00,000 – above | 30% | — |
Old Regime — Slab Breakdown
| Income Slab | Rate | Tax |
|---|---|---|
| 0 – 2,50,000 | 0% | ₹0 |
| 2,50,000 – 5,00,000 | 5% | ₹12,500 |
| 5,00,000 – 10,00,000 | 20% | ₹1,00,000 |
| 10,00,000 – above | 30% | ₹62,736 |
Monthly TDS Deduction
New Regime — Monthly TDS
₹7,269
per month deducted from salary
Old Regime — Monthly TDS
₹15,187
per month deducted from salary
Reduce your tax on 15 LPA
See exactly which deductions will save you the most tax at this salary level.