Summary
If you make ₹ 20,172,620 a year living in India, you will be taxed ₹ 9,925,604. That means that your net pay will be ₹ 10,247,016 per year, or ₹ 853,918 per month. Your average tax rate is 49.2% and your marginal tax rate is 59.9%. 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 ₹ 59.94, hence, your net pay will only increase by ₹ 40.06.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 401 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 2,003 of net incomes.