Summary
If you make <b>4,800,000 元</b> a year living in the region of <b>Beijing</b>, <b>China</b>, you will be taxed <b> 1,954,729 元</b>. That means that your net pay will be <b>2,845,271 元</b> per year, or <b>237,106 元</b> per month. Your average tax rate is <b>40.7%</b> and your marginal tax rate is <b>45.0%</b>. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of <b>100 元</b> in your salary will be taxed <b>45 元</b>, hence, your net pay will only increase by <b>55 元</b>.
Bonus Example
A <b>1,000 元</b> bonus will generate an extra <b>550 元</b> of net incomes. A <b>5,000 元</b> bonus will generate an extra <b>2,750 元</b> of net incomes.