15 LPA in Hand: Monthly Salary After Tax and PF
The short answer
A CTC of 15 lakh a year leaves about ₹1,09,113 a month in hand under the new tax regime. Tax begins here: taxable income of about 13.6 lakh is over the rebate limit, so roughly ₹87,382 a year is deducted, which is about ₹7,282 a month.
The total in your offer letter, for one year.
Usually 40% to 50%. Your offer letter's salary breakup shows it.
The part paid only if targets are met. Leave 0 if none.
It depends on your state. Many states take ₹200 a month.
Things the company pays for that you do not receive as cash, such as health insurance or food coupons.
Monthly in-hand salary
₹1,09,113
An average month over the year, after tax
Gross salary a year
₹14,35,140
Income tax a year
₹87,382
In hand a year
₹13,09,358
How the CTC turns into pay, step by step
| Cost to company (CTC) | ₹15,00,000 |
| less the company's provident fund | -₹36,000 |
| less gratuity set aside | -₹28,860 |
| Gross salary (what you earn) | ₹14,35,140 |
| less your provident fund | -₹36,000 |
| less professional tax | -₹2,400 |
| less income tax and cess | -₹87,382 |
| In hand for the year | ₹13,09,358 |
How the tax was worked out. Gross salary ₹14,35,140 − standard deduction ₹75,000 = taxable income ₹13,60,140. Professional tax is not deducted before tax in the new regime. Tax on the slabs ₹84,021, plus 4% cess ₹3,361.
What this uses, and what it leaves out
- Income tax on the new tax regime, AY 2026-27, as published by the Income Tax Department: slabs from nil up to ₹4 lakh to 30% above ₹24 lakh, a ₹75,000 standard deduction, and no tax up to ₹12 lakh of taxable income (with relief just above it). The 2026 Budget kept these slabs. The old regime and savings deductions are not covered.
- Provident fund: 12% of basic, from you and from the company. The compulsory limit was raised to ₹25,000 a month in September 2026.
- Your payslip can differ: companies split pay in their own way (HRA, allowances, reimbursements) and tax is deducted in monthly parts. Treat this as a good estimate, not tax advice.
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How to: 15 LPA in Hand: Monthly Salary After Tax and PF
- 1The CTC is already set to ₹15,00,000; change it to your own offer.
- 2Check the basic pay share on your offer letter, usually 40 to 50 percent.
- 3Add any variable pay that is part of the CTC.
- 4Read the monthly in-hand and the yearly deductions.
At a glance
- CTC
- ₹15,00,000 a year
- In hand
- About ₹1,09,113 a month (₹13,09,358 a year)
- Income tax
- ₹87,382 a year
- Assumes
- Basic pay 40% of CTC, provident fund within its monthly ceiling, gratuity inside CTC, ₹200 professional tax a month, no variable pay, new tax regime
Frequently asked questions
Can I reduce the tax at 15 LPA?
In the new regime, most deductions are not available, but your employer's NPS contribution may count. A tax adviser can say what applies to you; the tool shows the plain result.
How does the tax compare with 12 LPA?
At 12 LPA no tax is deducted, and at 15 LPA about ₹87,382 a year is. The rebate stops helping once taxable income passes ₹12 lakh.
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