In-hand Salary for 15 LPA (FY 2026-27)
A CTC of ₹15 lakh a year works out to about ₹1,05,611 a month in hand under the new tax regime, after PF, professional tax and income tax.
Monthly in-hand salary
₹1,05,611
New regime · ₹12,67,332 a year
- Old regime
- ₹95,156 a month
- Income tax (new)
- ₹86,268 a year
- Gross pay
- ₹1,19,000 a month
- Your PF
- ₹6,000 a month
Assumes basic pay of 40% of CTC, PF of 12% of basic from you and your employer inside the CTC, ₹2,400 a year of professional tax, no other income and no deductions beyond PF. For a salaried person under 60.
Breakdown for a year
| Per year | New regime | Old regime |
|---|---|---|
| CTC | ₹15,00,000 | ₹15,00,000 |
| Employer PF | −₹72,000 | −₹72,000 |
| Gross salary | ₹14,28,000 | ₹14,28,000 |
| Your PF | −₹72,000 | −₹72,000 |
| Professional tax | −₹2,400 | −₹2,400 |
| Taxable income | ₹13,53,000 | ₹13,03,600 |
| Income tax with cess | −₹86,268 | −₹2,11,723 |
| In hand a year | ₹12,67,332 | ₹11,41,877 |
| In hand a month | ₹1,05,611 | ₹95,156 |
A month's payslip at 15 LPA
Under the new tax regime, income tax (TDS) is evenly distributed throughout the year.
| Gross pay | ₹1,19,000 |
|---|---|
| Your PF | −₹6,000 |
| Professional tax | −₹200 |
| Income tax (TDS) | −₹7,189 |
| Credited to your bank | ₹1,05,611 |
The usual professional tax is ₹200 each month (₹300 in some months in certain states), while some states do not charge it at all.
How changes in salary structure affect it
The same ₹15 lakh CTC can be split in various ways. Look at your offer letter to see which applies to you.
| Structure | Regime | In hand a month |
|---|---|---|
| Basic pay 40% of CTC, PF on full basic (the figures above) | New | ₹1,05,611 |
| Basic pay 50% of CTC | New | ₹1,02,845 |
| PF capped at ₹1,800 a month (₹15,000 wage ceiling) | New | ₹1,13,356 |
| Employer PF paid on top of the CTC | New | ₹1,10,675 |
| Gratuity (4.81% of basic) included in the CTC | New | ₹1,03,581 |
| No PF deducted | New | ₹1,16,675 |
| ₹1.5 lakh of 80C (PF included) and ₹25,000 of health insurance (80D) | Old | ₹97,834 |
Old or new tax regime?
With the new regime, you end up with more unless total deductions beyond PF and the standard deduction (like 80C investments, health insurance, HRA, home-loan interest) are over about ₹4,52,000 yearly. If they are, the old regime gives you more.