Summary
If you make ₹ 47,666,844 a year living in India, you will be taxed ₹ 24,066,340. That means that your net pay will be ₹ 23,600,504 per year, or ₹ 1,966,709 per month. Your average tax rate is 50.5% and your marginal tax rate is 51.0%. 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 ₹ 51, hence, your net pay will only increase by ₹ 49.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 490 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 2,450 of net incomes.