Summary
If you make ₹ 16,099,974 a year living in India, you will be taxed ₹ 7,484,418. That means that your net pay will be ₹ 8,615,556 per year, or ₹ 717,963 per month. Your average tax rate is 46.5% and your marginal tax rate is 56.8%. 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 ₹ 56.81, hence, your net pay will only increase by ₹ 43.19.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 432 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 2,160 of net incomes.