Tax on ₹15 Lakh Annual Salary
New Regime
Tax = ₹1,25,000 + cess = ₹1,30,000.
Old Regime (with full deductions)
With 80C (₹1.5L) + 80D (₹50K) + NPS (₹50K) + HRA (₹1.3L) + Standard (₹50K) = ₹4.3L deductions. Taxable = ₹10.7L. Tax = ₹67,600 + cess.
Old regime saves ₹62,400/year — significant savings!
Read our complete guide: Tax Saving for Salaried Employees