Summary
If you make ₹ 16,099,968 a year living in India, you will be taxed ₹ 7,484,415. That means that your net pay will be ₹ 8,615,553 per year, or ₹ 717,963 per month. Your average tax rate is 46.5% and your marginal tax rate is 56.1%. 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 ₹ 56.08, hence, your net pay will only increase by ₹ 43.92.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 439 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 2,196 of net incomes.