Summary
If you make ₹ 5,232,500 a year living in India, you will be taxed ₹ 2,177,542. That means that your net pay will be ₹ 3,054,959 per year, or ₹ 254,580 per month. Your average tax rate is 41.6% and your marginal tax rate is 69.3%. 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 ₹ 69.34, hence, your net pay will only increase by ₹ 30.66.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 307 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 1,533 of net incomes.