Summary
If you make ₹ 63,428,560 a year living in India, you will be taxed ₹ 37,739,471. That means that your net pay will be ₹ 25,689,089 per year, or ₹ 2,140,757 per month. Your average tax rate is 59.5% and your marginal tax rate is 88.5%. 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 ₹ 88.49, hence, your net pay will only increase by ₹ 11.51.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 115 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 576 of net incomes.