For Rs 15 lakh annual income in FY 2026-27 (AY 2027-28), tax differs sharply between regimes, ignoring deductions/surcharge/cess (4% health & education cess applies to both). New regime offers big savings without exemptions. https://taxgyany.com/
Tax Calculation: Old Regime
Assumes basic structure (standard deduction Rs 50,000 not factored here; taxable income Rs 14.5 lakh).
| Slab (Rs) | Taxable Amount | Rate | Tax (Rs) |
|---|---|---|---|
| 0 – 2.5L | 2.5L | Nil | 0 |
| 2.5L – 5L | 2.5L | 5% | 12,500 |
| 5L – 10L | 5L | 20% | 1,00,000 |
| 10L – 15L | 5L | 30% | 1,50,000 |
| Total | 15L | 2,62,500 |
With 4% Cess: ~Rs 2,73,000.
Tax Calculation: New Regime
Default regime (standard deduction Rs 75,000 optional; taxable ~14.25L, but full calc shown).
| Slab (Rs) | Taxable Amount | Rate | Tax (Rs) |
|---|---|---|---|
| 0 – 4L | 4L | Nil | 0 |
| 4L – 8L | 4L | 5% | 20,000 |
| 8L – 12L | 4L | 10% | 40,000 |
| 12L – 15L | 3L | 15% | 45,000 |
| Total | 15L | 1,05,000 |
With 4% Cess: ~Rs 1,09,200. Rebate u/s 87A not applicable here.
Key Comparison
Old Regime: Rs 2,62,500 (high due to fewer low slabs).
New Regime: Rs 1,05,000 (savings of Rs 1,57,500 pre-cess).
Switch if: Low deductions—new wins big for salaried.
Add cess for final: Old ~2.73L, New ~1.09L. Use ITR calculator for your deductions!