Summary
If you make ₹ 1,003,205 a year living in India, you will be taxed ₹ 239,516. That means that your net pay will be ₹ 763,689 per year, or ₹ 63,641 per month. Your average tax rate is 23.9% and your marginal tax rate is 36.9%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of ₹ 100 in your salary will be taxed ₹ 36.85, hence, your net pay will only increase by ₹ 63.15.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 632 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 3,158 of net incomes.