Summary
If you make ₹ 15,499,992 a year living in India, you will be taxed ₹ 7,197,146. That means that your net pay will be ₹ 8,302,846 per year, or ₹ 691,904 per month. Your average tax rate is 46.4% 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.