Summary
If you make ₹ 16,099,980 a year living in India, you will be taxed ₹ 7,484,420. That means that your net pay will be ₹ 8,615,560 per year, or ₹ 717,963 per month. Your average tax rate is 46.5% and your marginal tax rate is 57.5%. 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 ₹ 57.53, hence, your net pay will only increase by ₹ 42.47.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 425 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 2,124 of net incomes.