Summary
If you make ₹ 48,399,984 a year living in India, you will be taxed ₹ 24,440,242. That means that your net pay will be ₹ 23,959,742 per year, or ₹ 1,996,645 per month. Your average tax rate is 50.5% and your marginal tax rate is 82.5%. 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 ₹ 82.49, hence, your net pay will only increase by ₹ 17.51.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 175 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 876 of net incomes.