Income tax calculator Guangzhou
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,700,000 元
Income Tax
- 741,052 元
Housing Fund
- 4,329 元
Pension
- 1,835 元
Medical Insurance
- 676 元
Unemployment
- 67.57 元
Total tax
- 747,959 元
Net pay
*
952,041 元
Marginal tax rate
45.0%
Average tax rate
44.0%
56.0%
Net pay
44.0%
Total tax
Total tax
Net pay
The Taxberg
952,041 元
Net pay
10,010 元
Tax the employer pays
747,959 元
Tax you pay
Total tax paid
757,969 元
Did you know your employer also pays tax on your salary? It costs the employer 10,010 元 to pay you 1,700,000 元. In other words, every time you spend 10 元 of your hard-earned money, 4.46 元 goes to the government.
Real tax rate
44.3%
So, with you and the employer both paying tax, what used to be a 44% tax rate now rises to 44.3%, meaning your real tax rate is actually 0.3% higher than what it seemed at first.
Summary
If you make 20,400,000 元 a year living in the region of Guangzhou, China, you will be taxed 8,975,508 元. That means that your net pay will be 11,424,492 元 per year, or 952,041 元 per month. Your average tax rate is 44.0% 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.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Beijing
CNY 11425271
44.0%
1
Guangzhou
CNY 11424492
44.0%
2
Shanghai
CNY 11432775
44.0%
3
Europe
Country
Net pay
Average tax
Rank
Russia
CNY 17748000
13.0%
1
Hungary
CNY 16626000
18.5%
2
Ukraine
CNY 16422000
19.5%
3
Czech Republic
CNY 15700366
23.0%
4
Romania
CNY 11934000
41.5%
5
Poland
CNY 11761048
42.4%
6
Greece
CNY 11438856
43.9%
7
Switzerland
CNY 10990912
46.1%
8
Norway
CNY 10832501
46.9%
9
Luxembourg
CNY 10790398
47.1%
10
United Kingdom
CNY 10717857
47.5%
11
Spain
CNY 10694799
47.6%
12
Denmark
CNY 10542423
48.3%
13
Italy
CNY 10392528
49.1%
14
Netherlands
CNY 10368314
49.2%
15
Sweden
CNY 10270906
49.7%
16
Austria
CNY 10259303
49.7%
17
Germany
CNY 9987147
51.0%
18
Ireland
CNY 9899044
51.5%
19
France
CNY 8728688
57.2%
20
Belgium
CNY 7664773
62.4%
21
Finland
CNY 7621920
62.6%
22
Portugal
CNY 7408586
63.7%
23
Show more
North America
Country
Net pay
Average tax
Rank
USA
CNY 11126667
45.5%
1
Canada
CNY 9648922
52.7%
2
NOTE* Withholding is calculated based on the Guangzhou 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.