Summary
If you make ₹ 15,989,172 a year living in India, you will be taxed ₹ 7,431,366. That means that your net pay will be ₹ 8,557,806 per year, or ₹ 713,151 per month. Your average tax rate is 46.5% and your marginal tax rate is 47.9%. 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 ₹ 47.88, hence, your net pay will only increase by ₹ 52.12.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 521 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 2,606 of net incomes.