Possible to Pay ZERO Tax on ₹15.5 Lakh Annual Income in New Tax Regime? जानिए Full Calculation के साथ!

                                           

Possible to Pay ZERO Tax on ₹15.5 Lakh Annual Income in New Tax Regime? जानिए Full Calculation के साथ! 

                In a surprising twist, many salaried professionals earning up to ₹15.5 lakh per year are now discovering that they can legally pay ZERO income tax under the new income tax regime (FY 2024-25) — without complex loopholes or illegal tricks. Thanks to the updated rebate, standard deduction, and other smart savings, this is now possible for a large chunk of India's middle class and upper-middle-class taxpayers!

Sounds unbelievable? Let's break it down step-by-step with actual figures and clear explanation.

📊 Quick Overview of the New Tax Regime (FY 2024-25):

Income Slab	Tax Rate
₹0 - ₹3,00,000	NIL
₹3,00,001 - ₹6,00,000	5%
₹6,00,001 - ₹9,00,000	10%
₹9,00,001 - ₹12,00,000	15%
₹12,00,001 - ₹15,00,000	20%
₹15,00,001+	30%

But here's where the magic starts – deductions & exemptions available even under the new regime.

🔍 Let’s calculate step-by-step on ₹15.5 Lakh Income:

👉 Gross Income = ₹15,50,000

1. Standard Deduction (applicable for salaried): ₹50,000
   Net Taxable Income becomes: ₹15,50,000 – ₹50,000 = ₹15,00,000

2. Now calculate tax as per slab:

Slab Range	Amount	Tax
₹0 – ₹3,00,000	₹3,00,000	₹0
₹3,00,001 – ₹6,00,000	₹3,00,000	₹15,000
₹6,00,001 – ₹9,00,000	₹3,00,000	₹30,000
₹9,00,001 – ₹12,00,000	₹3,00,000	₹45,000
₹12,00,001 – ₹15,00,000	₹3,00,000	₹60,000
Total	—	₹1,50,000

3. Rebate under Section 87A: Only applicable if taxable income ≤ ₹7 lakh. Not eligible here.

BUT WAIT! Here's where you can bring your taxable income down 👇

✅ 8 Smart Legal Deductions/Allowances to Reduce Taxable Income:

1. 🔹 NPS Deduction (Sec 80CCD(1B)): Up to ₹50,000 additional deduction over 80C.

2. 🔹 EPF/PPF/LIC/ELSS under Section 80C: Up to ₹1.5 lakh.

3. 🔹 Home Loan Interest (Sec 24b): Up to ₹2 lakh (only in old regime, not new).

4. 🔹 HRA Exemption: Not available under new regime.

5. 🔹 Transport Allowance for Disabled: Special category benefit.

6. 🔹 Employer's Contribution to NPS: Tax-free up to 10% of salary.

7. 🔹 Leave Travel Concession (LTC): Not allowed in new regime.

8. 🔹 Standard Deduction (₹50,000): Already considered above.

👉 BUT in new regime, only limited deductions apply (like NPS & standard deduction).

💡 So, Is It Really Possible to Pay Zero Tax on ₹15.5 Lakh?

✅ Yes, but ONLY if you use:

• Standard Deduction = ₹50,000

• NPS Contribution (80CCD(1B)) = ₹50,000
  → Brings taxable income to: ₹15,50,000 – ₹1,00,000 = ₹14,50,000

🧮 Tax after above deductions = ₹1,35,000
Still taxable — not zero yet.

BUT…

If you shift to the Old Tax Regime, you can claim:

• Section 80C (₹1.5 lakh)

• NPS (₹50k)

• Home Loan Interest (₹2 lakh)

• HRA (varies, say ₹1.5 lakh)
  👉 Total deductions = ₹5.5 lakh

Net taxable income = ₹15.5 lakh – ₹5.5 lakh = ₹10 lakh
→ Tax becomes zero or very minimal after rebate + deductions.

✅ Conclusion: You CAN Pay Zero Tax on ₹15.5 Lakh Income – Here's How:

✔️ Choose Old Tax Regime, if:

• You claim deductions for 80C, NPS, HRA, and home loan

• You structure salary smartly

✔️ Choose New Regime, if:

• You don’t have investments but have employer NPS benefits

• You want simplicity, with lower tax up to ₹7 lakh

🎯 Pro Tip: Use online tax calculators before filing! Even high earners can become tax-free legends with proper planning.

 Don’t Miss:

“How to Make ₹0 Tax a Reality in 2025: 3 Strategies You Haven’t Tried Yet” – Coming Soon!
Stay tuned. Bookmark this blog and share with friends earning ₹10L+!