Income tax calculator Guangzhou
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
340,000 元
Income Tax
- 129,052 元
Housing Fund
- 4,329 元
Pension
- 1,835 元
Medical Insurance
- 676 元
Unemployment
- 67.57 元
Total tax
- 135,959 元
Net pay
*
204,041 元
Marginal tax rate
45.0%
Average tax rate
40.0%
60.0%
Net pay
40.0%
Total tax
Total tax
Net pay
The Taxberg
204,041 元
Net pay
10,010 元
Tax the employer pays
135,959 元
Tax you pay
Total tax paid
145,969 元
Did you know your employer also pays tax on your salary? It costs the employer 10,010 元 to pay you 340,000 元. In other words, every time you spend 10 元 of your hard-earned money, 4.29 元 goes to the government.
Real tax rate
41.7%
So, with you and the employer both paying tax, what used to be a 40% tax rate now rises to 41.7%, meaning your real tax rate is actually 1.7% higher than what it seemed at first.
Summary
If you make 4,080,000 元 a year living in the region of Guangzhou, China, you will be taxed 1,631,508 元. That means that your net pay will be 2,448,492 元 per year, or 204,041 元 per month. Your average tax rate is 40.0% 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.
Tax per region
Region
Net pay
Average tax
Rank
Shanghai
CNY 2456775
39.8%
1
Beijing
CNY 2449271
40.0%
2
Guangzhou
CNY 2448492
40.0%
3
Europe
Country
Net pay
Average tax
Rank
Russia
CNY 3549600
13.0%
1
Hungary
CNY 3325200
18.5%
2
Ukraine
CNY 3284400
19.5%
3
Czech Republic
CNY 3133966
23.2%
4
Switzerland
CNY 2398808
41.2%
5
Romania
CNY 2386800
41.5%
6
Poland
CNY 2368154
42.0%
7
Greece
CNY 2299656
43.6%
8
United Kingdom
CNY 2272257
44.3%
9
Norway
CNY 2248181
44.9%
10
Austria
CNY 2242157
45.1%
11
Spain
CNY 2241039
45.1%
12
Denmark
CNY 2183058
46.5%
13
Luxembourg
CNY 2170174
46.8%
14
Netherlands
CNY 2126714
47.9%
15
Sweden
CNY 2109367
48.3%
16
Germany
CNY 2076027
49.1%
17
Ireland
CNY 2065444
49.4%
18
France
CNY 1987847
51.3%
19
Italy
CNY 1904011
53.3%
20
Finland
CNY 1612896
60.5%
21
Belgium
CNY 1564373
61.7%
22
Portugal
CNY 1533386
62.4%
23
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North America
Country
Net pay
Average tax
Rank
USA
CNY 2425348
40.6%
1
Canada
CNY 2064953
49.4%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Kazakhstan
CNY 3622861
11.2%
1
Hong Kong
CNY 3410116
16.4%
2
Singapore
CNY 3244298
20.5%
3
Indonesia
CNY 2784932
31.7%
4
Thailand
CNY 2751621
32.6%
5
Pakistan
CNY 2684297
34.2%
6
Vietnam
CNY 2663856
34.7%
7
Taiwan
CNY 2630099
35.5%
8
Philippines
CNY 2583843
36.7%
9
New Zealand
CNY 2565752
37.1%
10
Malaysia
CNY 2547619
37.6%
11
China
CNY 2449271
40.0%
12
Japan
CNY 2389782
41.4%
13
South Korea
CNY 2349428
42.4%
14
Australia
CNY 2301260
43.6%
15
India
CNY 2020097
50.5%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CNY 3616739
11.4%
1
Brazil
CNY 2962055
27.4%
2
Costa Rica
CNY 2820557
30.9%
3
Panama
CNY 2771446
32.1%
4
Mexico
CNY 2686840
34.2%
5
Puerto Rico
CNY 2678808
34.3%
6
Uruguay
CNY 2675190
34.4%
7
Colombia
CNY 2659048
34.8%
8
Argentina
CNY 2651950
35.0%
9
Chile
CNY 2624226
35.7%
10
Peru
CNY 2555932
37.4%
11
Ecuador
CNY 2426045
40.5%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
CNY 2969451
27.2%
1
Kenya
CNY 2859658
29.9%
2
Nigeria
CNY 2776113
32.0%
3
Ivory Coast
CNY 2775283
32.0%
4
Ghana
CNY 2706120
33.7%
5
Mozambique
CNY 2667965
34.6%
6
Zambia
CNY 2511308
38.5%
7
Cameroon
CNY 2493005
38.9%
8
Morocco
CNY 2488743
39.0%
9
Senegal
CNY 2456257
39.8%
10
South Africa
CNY 2315824
43.2%
11
Uganda
CNY 2269791
44.4%
12
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Middle East
Country
Net pay
Average tax
Rank
Kuwait
CNY 4003379
1.9%
1
Saudi Arabia
CNY 3976000
2.6%
2
Bahrain
CNY 3974708
2.6%
3
United Arab Emirates
CNY 3876000
5.0%
4
Qatar
CNY 3876000
5.0%
5
Oman
CNY 3753600
8.0%
6
Egypt
CNY 3061995
25.0%
7
Lebanon
CNY 3061366
25.0%
8
Turkey
CNY 2377616
41.7%
9
Israel
CNY 2216867
45.7%
10
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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.