Summary
If you make ₹ 15,505,104 a year living in India, you will be taxed ₹ 7,199,594. That means that your net pay will be ₹ 8,305,510 per year, or ₹ 692,126 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.