Summary
If you make ₹ 31,330,032 a year living in India, you will be taxed ₹ 15,734,566. That means that your net pay will be ₹ 15,595,466 per year, or ₹ 1,299,622 per month. Your average tax rate is 50.2% 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.