Summary
If you make 1,029,996 元 a year living in the region of Guangzhou, China, you will be taxed 269,295 元. That means that your net pay will be 760,701 元 per year, or 63,392 元 per month. Your average tax rate is 26.2% and your marginal tax rate is 42.7%. 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 42.67 元, hence, your net pay will only increase by 57.33 元.
Bonus Example
A 1,000 元 bonus will generate an extra 573 元 of net incomes. A 5,000 元 bonus will generate an extra 2,867 元 of net incomes.