Summary
If you make ₹ 16,749,996 a year living in India, you will be taxed ₹ 7,874,045. That means that your net pay will be ₹ 8,875,951 per year, or ₹ 739,663 per month. Your average tax rate is 47.0% 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.