Updated 2026-07-30

15 Lakh CTC Monthly In-Hand Salary: Fixed Worked Example

This fixed worked example illustrates a standard ₹15 LPA package with monthly EPF, professional tax, and income tax deductions under FY 2026-27 rules. For an interactive calculation matching your specific deductions and rent, use the [₹15 Lakh Income Tax Calculator Scenario](/income-tax-calculator/15-lakh/) or the main [Salary Calculator](/salary-calculator/).

Deduction	Monthly	Annual	What It Pays For
Monthly CTC	₹1.25 L	₹15.00 L	Your total cost to employer
− Employer EPF	₹6,000	₹72,000	Your PF account, not your bank
Gross Salary	₹1.19 L	₹14.28 L	What you're actually paid
− Employee EPF	₹6,000	₹72,000	12% of basic → PF
− Professional Tax	₹200	₹2,500	State levy (₹200/mo)
− Income Tax (New Regime)	₹7,189	₹86,268	FY 2026-27 TDS
Monthly In-Hand	₹1.06 L	₹12.67 L	84% of CTC

Monthly Salary Structure for 15 LPA

A ₹15 LPA package is structured as: Basic ₹50,000 (40%), HRA ₹25,000 (50% of basic), and Special Allowance ₹44,000 (residual balance). Employer EPF of ₹6,000/month is included in CTC and transferred directly to your provident fund.

Net gross salary equals ₹1.19 L/month. Three standard deductions occur monthly:

Employee EPF: ₹6,000 (12% of ₹50,000 basic).
Professional Tax: ₹200 (state levy).
Income Tax: ₹7,189 (monthly TDS under the new tax regime).

Income Tax Mechanics at 15 LPA

Under the FY 2026-27 new tax regime, gross income of ₹14.28 L is reduced by the ₹75,000 standard deduction, leaving ₹13.53 L taxable income:

₹0–4L: 0% → ₹0
₹4L–8L: 5% → ₹20,000
₹8L–12L: 10% → ₹40,000
Remaining income above ₹12L: 15%
Plus 4% health and education cess
Total tax: ₹86,268/year (₹7,189/month)

Old Regime vs New Regime Comparisons

At ₹15 LPA, comparing monthly take-home across regimes shows:

New regime (standard deduction only): ₹1.06 L/month
Old regime (max 80C + 80D + NPS): ₹1.02 L/month
Old regime (with ₹25,000/month rent): ₹1.05 L/month

Without substantial HRA exemptions or home loan interest, the new regime yields ₹3,354 higher net monthly take-home than an old-regime scenario with ₹2.25 lakh of deductions.

Impact of Variable Pay

If a ₹15 LPA package includes variable bonus pay (e.g., ₹1 lakh annual performance bonus), fixed monthly CTC becomes ₹14L / 12 = ₹1,16,667. Basic pay, HRA, and EPF adjust accordingly, lowering monthly in-hand while the bonus is disbursed separately.

EPF Wage Ceiling Options

With a ₹50,000 basic salary, uncapped employee EPF equals ₹6,000/month. If your employer caps EPF at the ₹15,000 wage ceiling, monthly employee EPF becomes ₹1,800, increasing net monthly take-home by ₹4,200 while reducing monthly PF accumulation.

Frequently Asked Questions

How much is 15 LPA monthly in hand in this worked example?

In this worked example under the FY 2026-27 new tax regime, a ₹15 LPA package yields approximately ₹1,05,611 per month. After all statutory and tax deductions (EPF ₹6,000, professional tax ₹200, income tax ₹7,189), take-home pay equals 84% of total CTC.

Why does a 15 lakh CTC result in ₹1.05L/month rather than ₹1.25L?

Monthly CTC is ₹1,25,000, but employer EPF (₹6,000/month) is included in CTC without reaching bank payout. Subtracting employer EPF leaves a gross salary of ₹1,19,000. Further deducting employee EPF (₹6,000), professional tax (₹200), and new-regime TDS (₹7,189) leaves net in-hand of ₹1,05,611.

What is the tax on 15 lakh salary under old vs new regime?

Under the new regime: approximately ₹7,189/month (₹86,268/year). Under the old regime with itemized deductions (₹1.5L 80C, ₹25K 80D, ₹50K NPS, ₹1.8L HRA exemption): approximately ₹10,543/month (₹1.27L/year). The new regime provides higher net liquid take-home unless old-regime deductions exceed ₹4.25 lakh.

How does HRA affect 15 LPA in-hand under the old regime?

Under the old regime, HRA exemptions reduce taxable income based on actual rent paid. If rent paid increases from ₹15,000/month to ₹25,000/month in a metro, the eligible HRA exemption increases, lowering monthly tax and improving net take-home.

What deductions apply to a 15 lakh salary under the old regime?

Old-regime deductions include Section 80C (up to ₹1.5L), Section 80D (health insurance up to ₹25K–₹50K), Section 80CCD(1B) (NPS up to ₹50K), HRA exemption based on rent paid, Section 24(b) (home loan interest up to ₹2L), and a ₹50,000 standard deduction.

Which regime should I choose for a 15 lakh salary?

If itemized deductions (80C, 80D, NPS, HRA, home loan) total more than ₹4.25 lakh annually, the old regime reduces total tax liability. If deductions are below that threshold, the new regime yields lower tax and higher net cash flow.

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