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How Much Income Tax Will I Pay on My ₹15 Lakh Salary?

T S Khurana |566 Answers |Ask -Follow

Tax Expert - Answered on Apr 05, 2025

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more

Question by Jacob on Dec 23, 2024Hindi

Money

How much will be the amount of tax for 15 lakhs income

Ans: Accurate picture can't be drawn from the info you are providing. What is the source of Income, under each head of income so that deductions and exemptions are considered. Tax savings if any, will also effect the calculations. Age of the assessee will also matter, while making calculations.
Most welcome for any further clarifications. Thanks.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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In new tax regime, how much tax will be deducted for 16 lakhs /annum taxable income?

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Hi my salary annualy is 15 lakh. which tax regime should i opt for ?

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Question by Jacob - Dec 24, 2024Hindi

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Thank you for the reply Mr. Khurana How much will be the tax amount for my income of Rs. 1500500?

Ans: I can't work out your tax liability in absence of correct & complete data, about your taxable income from all sources & Your tax savings (if any). It will again vary, if you are Senior citizen.
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Question by Suresh - Feb 01, 2025Hindi

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Suppose my taxable income is 1300000, what will be my tax. Will 15% be only on 100000 under new tax regime

Ans: Your tax liability under new tax regime, would be as under :
Total Rs.75,000.00 (0-4 lakhs Nil, 4-8 lakhs Rs.0.20 lakhs (@5%), 8-12 lakhs Rs.0.40 lakhs (@10%), 12-13 lakhs Rs.0.15 lakhs (@15%).
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Question by Srinivas - Jul 12, 2025Hindi

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My anual income is 15.65 lakhs, am Govt employee, how much tax pay by me.

Ans: Your question is not complete.
Assuming it is for F/Y 2024-25, if there is no other income than this Salary Income of Rs.15.65 lakhs & considering No Tax Savings, your tax shall be about Rs.1.56 (L), in New Tax Regime. If you opt for Old Tax Regime, your tax liability is likely to be much more. However, your tax liability will get adjusted with TDS, if already deducted.
Most welcome for any further clarifications. Thanks.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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