Salary guide
15 LPA in-hand salary per month (FY 2026-27)
On a 15 LPA CTC, your in-hand salary is about ₹1,02,837 a month in FY 2026-27 if your employer's PF is part of the CTC, or ₹1,09,167 if PF is paid on top. Income tax under the new regime is ₹83,460 for the year, about ₹6,955 a month, on a taxable income of ₹13,35,000.
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- PF on top of CTC
- ₹1,09,167
- Income tax a year
- ₹83,460
- Gross a month
- ₹1,17,500
15 LPA salary breakdown: CTC to in-hand
Two cases, because offer letters differ: your employer's PF can be part of the CTC or paid on top of it.
Per month
| Per month | PF inside CTC | PF on top of CTC |
|---|---|---|
| CTC (cost to company) | ₹1,25,000 | ₹1,25,000 |
| Basic pay50% of CTC | ₹62,500 | ₹62,500 |
| HRA40% of basic | ₹25,000 | ₹25,000 |
| Special and other allowancesthe balance | ₹30,000 | ₹37,500 |
| Employer PF12% of basic, goes to your PF account | ₹7,500 | ₹7,500 |
| Gross salarypaid before deductions | ₹1,17,500 | ₹1,25,000 |
| Employee PF12% of basic | −₹7,500 | −₹7,500 |
| Professional taxKarnataka | −₹208 | −₹208 |
| Income taxnew regime, with 4% cess | −₹6,955 | −₹8,125 |
| In-hand salary | ₹1,02,837 | ₹1,09,167 |
Per year
| Per year | PF inside CTC | PF on top of CTC |
|---|---|---|
| CTC (cost to company) | ₹15,00,000 | ₹15,00,000 |
| Basic pay50% of CTC | ₹7,50,000 | ₹7,50,000 |
| HRA40% of basic | ₹3,00,000 | ₹3,00,000 |
| Special and other allowancesthe balance | ₹3,60,000 | ₹4,50,000 |
| Employer PF12% of basic, goes to your PF account | ₹90,000 | ₹90,000 |
| Gross salarypaid before deductions | ₹14,10,000 | ₹15,00,000 |
| Employee PF12% of basic | −₹90,000 | −₹90,000 |
| Professional taxKarnataka | −₹2,500 | −₹2,500 |
| Income taxnew regime, with 4% cess | −₹83,460 | −₹97,500 |
| In-hand salary | ₹12,34,040 | ₹13,10,000 |
Monthly figures are the yearly amounts divided by 12 and rounded to the rupee, so a row can be off by ₹1. In Karnataka, professional tax is ₹200 a month (₹300 in February) once monthly salary is ₹25,000 or more.
Income tax on 15 LPA under the new regime
| Per year | PF inside CTC | PF on top of CTC |
|---|---|---|
| Gross salary | ₹14,10,000 | ₹15,00,000 |
| Standard deduction | −₹75,000 | −₹75,000 |
| Taxable income | ₹13,35,000 | ₹14,25,000 |
| Tax on the slabs | ₹80,250 | ₹93,750 |
| Rebate (section 156, formerly 87A) or marginal relief | ₹0 | ₹0 |
| Health and education cess (4%) | ₹3,210 | ₹3,750 |
| Income tax for the year | ₹83,460 | ₹97,500 |
| Income tax per month | ₹6,955 | ₹8,125 |
| Taxable income | Rate |
|---|---|
| Up to ₹4 lakh | Nil |
| ₹4 lakh to ₹8 lakh | 5% |
| ₹8 lakh to ₹12 lakh | 10% |
| ₹12 lakh to ₹16 lakh | 15% |
| ₹16 lakh to ₹20 lakh | 20% |
| ₹20 lakh to ₹24 lakh | 25% |
| Above ₹24 lakh | 30% |
Assumptions and sources
- FY 2026-27 (1 April 2026 to 31 March 2027), called tax year 2026-27 under the Income-tax Act, 2025. New tax regime, which is the default. Resident individual below 60 with salary as the only income.
- Basic pay is 50% of CTC, HRA is 40% of basic and the rest is special allowance. The new regime gives no HRA exemption, so this split does not change your tax.
- PF is 12% of basic from you and 12% from your employer, on the full basic pay. Your basic pay is above the ₹25,000 PF wage ceiling, so your employer may restrict PF to ₹3,000 a month (and PF is optional if you join above the ceiling); then your in-hand pay is higher.
- Standard deduction of ₹75,000. Rebate under section 156 makes tax nil when taxable income is ₹12 lakh or less, with marginal relief just above it. 4% health and education cess on the tax.
- Professional tax at Karnataka rates: ₹2,500 a year. Other states have different rates, and some have none. It is not deductible under the new regime.
- Not included: gratuity, variable pay, joining bonus, insurance, meal cards or an employer NPS contribution. Check your offer letter for these.
Sources, checked 3 Nov 2026Finance Bill 2026 memorandum: rates of income-tax for tax year 2026-27Income-tax Act, 2025, section 156: rebateIncome-tax Act, 2025, section 19: standard deductionFAQs: revision of the EPFO wage ceiling from ₹15,000 to ₹25,000 a monthProfessional tax: employer portal and ratesThe Code on Wages, 2019, section 2(y): wages
Why do you pay tax at 15 LPA?
With PF inside the CTC your gross salary is ₹14,10,000. After the ₹75,000 standard deduction, your taxable income is ₹13,35,000. That is above the ₹12 lakh rebate limit, so the slab tax applies: ₹80,250, plus 4% cess, which makes ₹83,460 for the year.
Marginal relief caps the tax at your income above ₹12 lakh, but here the slab tax is already smaller than that, so it does not apply.
How is tax deducted from a 15 LPA salary?
Your employer deducts income tax at source (TDS) from each month's salary, spreading the year's tax of ₹83,460 across the months, about ₹6,955 each. If you join mid-year, or have other income, the monthly TDS can differ; any difference is settled when you file your income tax return.
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Questions freshers ask
About ₹1,02,837 a month when the employer's PF is inside the CTC, or ₹1,09,167 when PF is paid on top. Before any deductions, 15 LPA is ₹1,25,000 a month.
₹83,460 for the year, or about ₹6,955 a month, under the new regime in FY 2026-27, including 4% cess. That is with PF inside the CTC; with PF on top, the tax is ₹97,500.
₹7,500 a month from your salary (12% of a ₹62,500 basic), and your employer adds the same amount. Your basic pay is above the ₹25,000 PF wage ceiling, so your employer may restrict PF to ₹3,000 a month (and PF is optional if you join above the ceiling); then your in-hand pay is higher.
₹12,34,040 a year with PF inside the CTC, after ₹83,460 of income tax, your PF and professional tax.