Summary
If you make 1,029,996 元 a year living in the region of Shanghai, China, you will be taxed 250,725 元. That means that your net pay will be 779,271 元 per year, or 64,939 元 per month. Your average tax rate is 24.3% and your marginal tax rate is 43.9%. 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 43.90 元, hence, your net pay will only increase by 56.10 元.
Bonus Example
A 1,000 元 bonus will generate an extra 561 元 of net incomes. A 5,000 元 bonus will generate an extra 2,805 元 of net incomes.