Summary
If you make 1,029,600 元 a year living in the region of Guangzhou, China, you will be taxed 269,156 元. That means that your net pay will be 760,444 元 per year, or 63,370 元 per month. Your average tax rate is 26.1% and your marginal tax rate is 35.0%. 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 35 元, hence, your net pay will only increase by 65 元.
Bonus Example
A 1,000 元 bonus will generate an extra 650 元 of net incomes. A 5,000 元 bonus will generate an extra 3,250 元 of net incomes.