Summary
If you make 1,029,324 元 a year living in the region of Shanghai, China, you will be taxed 250,607 元. That means that your net pay will be 778,717 元 per year, or 64,893 元 per month. Your average tax rate is 24.4% and your marginal tax rate is 17.4%. 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 17.43 元, hence, your net pay will only increase by 82.57 元.
Bonus Example
A 1,000 元 bonus will generate an extra 826 元 of net incomes. A 5,000 元 bonus will generate an extra 4,129 元 of net incomes.