Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,060,000 元
Income Tax
- 453,105 元
Housing Fund
- 3,826 元
Pension
- 2,258 元
Medical Insurance
- 564 元
Unemployment
- 141 元
Total tax
- 459,894 元
Net pay
* 600,106 元
Marginal tax rate
45.0%
Average tax rate
43.4%
56.6%
Net pay
43.4%
Total tax
Total tax
Net pay
Summary
If you make 12,720,000 元 a year living in the region of Beijing, China, you will be taxed 5,518,729 元. That means that your net pay will be 7,201,271 元 per year, or 600,106 元 per month. Your average tax rate is 43.4% and your marginal tax rate is 45.0%. 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 45 元, hence, your net pay will only increase by 55 元.
Bonus Example
A 1,000 元 bonus will generate an extra 550 元 of net incomes. A 5,000 元 bonus will generate an extra 2,750 元 of net incomes.
Europe
Country 
Net pay
Average tax
Rank
Russia
CNY 11066400
13.0%
1
Hungary
CNY 10366800
18.5%
2
Ukraine
CNY 10239600
19.5%
3
Czech Republic
CNY 9786766
23.1%
4
Romania
CNY 7441200
41.5%
5
Poland
CNY 7340863
42.3%
6
Greece
CNY 7138056
43.9%
7
Switzerland
CNY 6927194
45.5%
8
Norway
CNY 6792821
46.6%
9
United Kingdom
CNY 6743457
47.0%
10
Luxembourg
CNY 6733822
47.1%
11
Spain
CNY 6716559
47.2%
12
Denmark
CNY 6608605
48.1%
13
Austria
CNY 6501590
48.9%
14
Netherlands
CNY 6489914
49.0%
15
Sweden
CNY 6430182
49.5%
16
Germany
CNY 6264267
50.8%
17
Ireland
CNY 6212644
51.2%
18
Italy
CNY 6201552
51.3%
19
France
CNY 5556848
56.3%
20
Belgium
CNY 4793996
62.3%
21
Finland
CNY 4794144
62.3%
22
Portugal
CNY 4643786
63.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CNY 7033227
44.7%
1
Canada
CNY 6079996
52.2%
2
NOTE* Withholding is calculated based on the Beijing tables of China, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.