Summary
If you make ₹ 19,903,104 a year living in India, you will be taxed ₹ 9,764,053. That means that your net pay will be ₹ 10,139,051 per year, or ₹ 844,921 per month. Your average tax rate is 49.1% and your marginal tax rate is 60.0%. 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 ₹ 59.95, hence, your net pay will only increase by ₹ 40.05.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 401 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 2,003 of net incomes.