Summary
If you make ₹ 1,020,934 a year living in India, you will be taxed ₹ 246,048. That means that your net pay will be ₹ 774,886 per year, or ₹ 64,574 per month. Your average tax rate is 24.1% and your marginal tax rate is 39.0%. 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 ₹ 39.01, hence, your net pay will only increase by ₹ 60.99.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 610 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 3,050 of net incomes.