How ₹15 LPA becomes ₹1,03,573 a month
- Start with an annual CTC of ₹15,00,000.
- Remove employer PF (₹72,000) and gratuity (₹28,860), which are not paid as cash: gross salary is ₹13,99,140.
- Subtract your own PF (₹72,000) and professional tax (₹2,500).
- Subtract income tax: ₹81,766 under the new regime.
- What is left, ₹12,42,874 a year, is about ₹1,03,573 a month.
These figures assume 40% basic salary, PF on the full basic, gratuity inside CTC, Karnataka professional tax (₹2,500 a year; other states differ), a metro city and no other deductions. Your payslip can differ if your employer structures pay differently.
What a raise would mean
- From ₹14 LPA to ₹15 LPA adds about ₹3,234 a month in-hand.
- From ₹15 LPA to ₹16 LPA adds about ₹6,160 a month in-hand.
Frequently asked questions
What is the in-hand salary for ₹15 LPA?
On a ₹15 lakh CTC, your monthly in-hand salary is about ₹1,03,573 under the new regime (₹1,03,573 new vs ₹93,496 old with no deductions claimed), assuming 40% basic, PF on full basic, and Karnataka professional tax (₹2,500 a year).
How much income tax is payable on ₹15 LPA?
About ₹81,766 a year under the new regime (taxable income ₹13,24,140) and ₹2,02,688 under the old regime with no deductions claimed, including 4% cess.
Which tax regime is better at ₹15 LPA?
The new regime is better unless you can claim about ₹5,18,535 or more in old-regime deductions (HRA, 80C, 80D, home-loan interest and similar) on top of the standard deduction.