Summary
If you make ₹ 4,962,100 a year living in India, you will be taxed ₹ 1,984,841. That means that your net pay will be ₹ 2,977,259 per year, or ₹ 248,105 per month. Your average tax rate is 40.0% 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 ₹ 72.85, hence, your net pay will only increase by ₹ 27.15.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 272 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 1,358 of net incomes.