Summary
If you make ₹ 5,101,716 a year living in India, you will be taxed ₹ 2,086,564. That means that your net pay will be ₹ 3,015,152 per year, or ₹ 251,263 per month. Your average tax rate is 40.9% and your marginal tax rate is 72.9%. 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 ₹ 72.86, hence, your net pay will only increase by ₹ 27.14.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 271 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 1,357 of net incomes.