Income tax calculator Guangzhou

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
20,010 元
Income Tax
- 2,124 元
Housing Fund
- 2,401 元
Pension
- 1,601 元
Medical Insurance
- 400 元
Unemployment
- 40.02 元
Total tax
- 6,566 元
Net pay
* 13,444 元
Marginal tax rate
37.8%
Average tax rate
32.8%
67.2%
Net pay
32.8%
Total tax
Total tax
Net pay
The Taxberg
13,444 元
Net pay
6,665 元
Tax the employer pays
6,566 元
Tax you pay
Total tax paid
13,231 元
Did you know your employer also pays tax on your salary? It costs the employer 6,665 元 to pay you 20,010 元. In other words, every time you spend 10 元 of your hard-earned money, 6.61 元 goes to the government.
Real tax rate
49.6%
So, with you and the employer both paying tax, what used to be a 32.8% tax rate now rises to 49.6%, meaning your real tax rate is actually 16.8% higher than what it seemed at first.
People also ask
240,120 元 yearly is how much per hour?
115 元 hourly is how much per year?
Summary
If you make 240,120 元 a year living in the region of Guangzhou, China, you will be taxed 78,789 元. That means that your net pay will be 161,331 元 per year, or 13,444 元 per month. Your average tax rate is 32.8% and your marginal tax rate is 37.8%. 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 37.76 元, hence, your net pay will only increase by 62.24 元.
Bonus Example
A 1,000 元 bonus will generate an extra 622 元 of net incomes. A 5,000 元 bonus will generate an extra 3,112 元 of net incomes.
Compare average tax
Region
Beijing
Guangzhou
Shanghai
Tax per income
25,000 元
30,000 元
35,000 元
40,000 元
45,000 元
50,000 元
55,000 元
60,000 元
65,000 元
70,000 元
75,000 元
80,000 元
85,000 元
90,000 元
95,000 元
100,000 元
105,000 元
110,000 元
115,000 元
120,000 元
Tax per region
Region
Net pay
Average tax
Rank
Shanghai
CNY 170359
29.1%
1
Guangzhou
CNY 161331
32.8%
2
Beijing
CNY 160754
33.1%
3
North America
Country 
Net pay
Average tax
Rank
USA
CNY 194841
18.9%
1
Canada
CNY 177073
26.3%
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.