Summary
If you make 1,320,000 元 a year living in the region of Guangzhou, China, you will be taxed 393,946 元. That means that your net pay will be 926,054 元 per year, or 77,171 元 per month. Your average tax rate is 29.8% and your marginal tax rate is 43.0%. 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 42.98 元, hence, your net pay will only increase by 57.02 元.
Bonus Example
A 1,000 元 bonus will generate an extra 570 元 of net incomes. A 5,000 元 bonus will generate an extra 2,851 元 of net incomes.