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General Rule of thumb (old tax regime):
For 15 lpa -> 1 lakh per month in hand
Post that for every 1 lakh pa your in hand will increase by 5k per month.
So 19lpa roughly would mean 120k per month in hand.
Wow! Worked well for my salary and I didn't knew
Chief
All this discussion is futile, if you got a payslip for april/may/June, the tax regime you had selected for that duration will be applicable for the rest of this year too.
No, since I joined this month i have the option to choose the old or new tax regime.