Summary
If you make ₹ 24,503,232 a year living in India, you will be taxed ₹ 12,252,898. That means that your net pay will be ₹ 12,250,334 per year, or ₹ 1,020,861 per month. Your average tax rate is 50.0% and your marginal tax rate is 51.0%. 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 ₹ 51, hence, your net pay will only increase by ₹ 49.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 490 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 2,450 of net incomes.