15 LPA In Hand Salary Per Month in 2026 (With Full Breakup)

If your offer letter says 15 LPA, the honest monthly figure is about ₹1,00,308, not ₹1,25,000. 15 LPA means a cost to company of ₹15,00,000 a year, or ₹1,25,000 a month, and around ₹24,692 of that never reaches you as cash each month. Below, I've worked through every rupee of the gap, line by line, so you can match it against your own payslip.

I have assumed a typical post-Labour-Code salary structure: half the CTC as basic pay, PF of 12% on basic from both you and the employer, a 4.81% gratuity provision, ₹200 a month of professional tax, and the FY 2026-27 new tax regime (Budget 2026 did not change the slabs). If your offer letter is different, the calculator in the sidebar lets you change these.

Where every rupee of 15 LPA goes

Here is the 15 LPA package laid out the way it would appear if your HR team explained it line by line, with both yearly and monthly amounts so you can compare it directly with an offer letter or a payslip.

Two lines deserve a second look. The ₹1,26,075 a year of employer PF and gratuity is part of your CTC but never shows up on a monthly payslip. And the ₹90,000 of employee PF is not lost: together with the employer's share, ₹1,80,000 a year goes into your EPF account, which currently earns 8.25% (the rate EPFO declared for FY 2025-26).

15 LPA tax calculation for FY 2026-27

Under the new regime the only deduction a salaried person gets is the ₹75,000 standard deduction. Gross salary of ₹13,73,925 minus ₹75,000 gives a taxable income of ₹12,98,925. Employer PF and gratuity are not taxed, and professional tax is not deductible in the new regime.

That is an effective tax rate of 5.2% of your CTC, even though your top slab is 15%. Your employer deducts it as TDS spread evenly across the year, roughly ₹6,486 a month, and adjusts it in the last quarter once your investment proofs are in.

New regime or old regime on a 15 LPA package

Is the old regime ever better at 15 LPA? Here is a straight comparison using the same gross salary. The middle column is someone who claims only their own PF under 80C; the right column is someone who maxes out 80C and claims ₹25,000 for health insurance under 80D. Rent-based HRA exemption is not included.

The new regime wins here, and by a margin: even if you use the full ₹1.5 lakh of 80C and ₹25,000 of health insurance, the old regime still costs ₹84,884 more a year. To make the old regime cheaper you would need about ₹5,09,833 of total deductions (80C, 80D, HRA exemption, home-loan interest and so on, on top of the standard deduction and professional tax). That is realistic mainly if you pay high rent in a metro or are repaying a home loan.

What lenders will look at

Lenders look at your net monthly income, not your CTC. Most banks are comfortable when all your EMIs together stay within roughly 40% to 50% of take-home pay. On ₹1,00,308 a month, that means total EMIs of about ₹40,123 to ₹50,154.

As a rough illustration, an EMI of ₹40,123 supports a home loan of about ₹46,23,419 over 20 years at 8.5% interest. Your actual eligibility depends on your credit score, existing loans, employer category and the bank's own policy, so treat this as a ballpark, not an offer.

Restructure your CTC with employer NPS

At 15 LPA, the most effective tax move left in the new regime is corporate NPS. Section 80CCD(2) lets your employer contribute up to 14% of your basic pay to NPS, and that amount is deducted from your taxable income. Restructuring ₹1,05,000 a year of your special allowance this way changes the numbers as follows:

Your monthly cash goes down by ₹2,264, but you save ₹77,832 of tax a year and build ₹1,05,000 of retirement savings. The trade-off is liquidity: NPS money stays locked until 60, with only partial withdrawals before that. Note also that employer contributions to PF, NPS and superannuation together are tax-free only up to ₹7.5 lakh a year.

What 15 LPA works out to per month, day and hour

LPA stands for lakh per annum, so 15 LPA is ₹15 lakh a year. Divided by 12, that is ₹1,25,000 a month of CTC, but only ₹1,00,308 a month actually lands in your account.

Measured against working time, the in-hand pay is about ₹4,559 per working day (22 working days a month) or ₹570 an hour for an 8-hour day. That hourly figure is useful when you're weighing overtime, a side project or a freelance rate against your job.

Is 15 LPA a good package?

15 LPA puts you well above the typical salaried income in India. It is common for professionals with roughly three to eight years of experience, or for strong campus offers in tech and consulting. At ₹1,00,308 a month, you can run a household in a metro, save meaningfully and service a home loan, though big-city rents still take a large share.

In-hand salary around 15 LPA

Use this to see how your take-home moves as the CTC changes. Each row links to its own full breakdown.

Method and assumptions

What this calculation assumes:

• Basic pay at 50% of CTC, HRA at 40% of basic, the remainder as special allowance.
• Employer PF and gratuity are part of CTC; no insurance premium, meal card or variable pay is assumed.
• Professional tax is taken as ₹200 a month (₹2,400 a year). It varies by state: Delhi, Haryana and Uttar Pradesh do not levy it, and Karnataka exempts gross pay up to ₹25,000 a month.
• Tax uses FY 2026-27 new-regime slabs, the ₹75,000 standard deduction, the Section 87A rebate up to ₹12 lakh with marginal relief, surcharge where relevant and 4% cess.

If your company uses a different basic percentage or caps PF, put your own numbers into the CTC to in-hand calculator, or use the quick calculator on this page.

15 LPA in-hand salary: FAQs