Summary
If you make ₹ 16,099,992 a year living in India, you will be taxed ₹ 7,484,426. That means that your net pay will be ₹ 8,615,566 per year, or ₹ 717,964 per month. Your average tax rate is 46.5% and your marginal tax rate is 59.0%. 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 ₹ 58.98, hence, your net pay will only increase by ₹ 41.02.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 410 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 2,051 of net incomes.