Summary
If you make ₹ 10,680,280 a year living in India, you will be taxed ₹ 4,889,073. That means that your net pay will be ₹ 5,791,207 per year, or ₹ 482,601 per month. Your average tax rate is 45.8% and your marginal tax rate is 49.9%. 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 ₹ 49.88, hence, your net pay will only increase by ₹ 50.12.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 501 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 2,506 of net incomes.