[This is answering an old question. Since no one wrote up the discussion in the comments, I do so, and then answer the main question of complete graphs in the torus.]
Informally, a graph $G$ can be embedded in a surface $\Sigma$, like the torus, if it can be drawn in $\Sigma$ such that the edges of $G$ do not cross, and such that edges intersect vertices only in their ends. We denote such a drawing/embedding by $\sigma(G)$. From this definition it is immediate that if $G$ can be embedded in $\Sigma$, then so can any subgraph $H$ of $G$; just restrict the embedding of $G$ to the part of it representing $H$, $\sigma(H) := \sigma|_H(G)$. A face of an embedding is a maximally arc-connected set of points in $\Sigma \backslash \sigma(G)$. Below is an embedding of $K_4$ in the torus, where opposite sides of the square are identified. As noted by EuYu, it has two faces, but an embedding of $K_4$ in the plane has four faces, so the number of faces of an embedding is not necessarily independent of the surface.
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A graph $G$ embedded in a surface of Euler genus $g$ with $V$ vertices, $E$ edges, and $F$ faces satisfies the following inequality, known as Euler's formula.
$$
V-E+F\geq 2−g.
$$
For connected plane graphs, this takes the form $V-E+F=2$. That this is an inequality here instead of an equality stems from the fact that in contrast with the faces of a connected plane graph, the faces of an embedding in other surfaces need not be homeomorphic to a disc. Equality holds if all faces are homeomorphic to a disc. For such embeddings, $V-E+F$ is thus an invariant, which we call the Euler characteristic $\chi(\Sigma)$.
Now, to answer which complete graphs can be embedded in the torus, we note that from Euler's formula, as $K_8$ has $V=8$, $E=28$, $F$ has to be at least $20$. But every face has at least three edges, and each edge is in two faces, implying that $K_8$ has at least $\frac{3}{2}\cdot 20=30$ edges, a contradiction. Thus $K_n$ for $n\geq 8$ does not embed in the torus. Finally, below is a drawing of $K_7$ in the torus. Hence, as embeddability is preserved under subgraphs, $K_n$ is embeddable in the torus if and only if $n\leq 7$.
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