Summary
If you make 719,940 元 a year living in the region of Beijing, China, you will be taxed 199,932 元. That means that your net pay will be 520,008 元 per year, or 43,334 元 per month. Your average tax rate is 27.8% and your marginal tax rate is -0.1%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 元 in your salary will be taxed -0.05 元, hence, your net pay will only increase by 100 元.
Bonus Example
A 1,000 元 bonus will generate an extra 1,001 元 of net incomes. A 5,000 元 bonus will generate an extra 5,003 元 of net incomes.