Income tax calculator Guangzhou
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
700,000 元
Income Tax
- 291,052 元
Housing Fund
- 4,329 元
Pension
- 1,835 元
Medical Insurance
- 676 元
Unemployment
- 67.57 元
Total tax
- 297,959 元
Net pay
*
402,041 元
Marginal tax rate
45.0%
Average tax rate
42.6%
57.4%
Net pay
42.6%
Total tax
Total tax
Net pay
The Taxberg
402,041 元
Net pay
10,010 元
Tax the employer pays
297,959 元
Tax you pay
Total tax paid
307,969 元
Did you know your employer also pays tax on your salary? It costs the employer 10,010 元 to pay you 700,000 元. In other words, every time you spend 10 元 of your hard-earned money, 4.40 元 goes to the government.
Real tax rate
43.4%
So, with you and the employer both paying tax, what used to be a 42.6% tax rate now rises to 43.4%, meaning your real tax rate is actually 0.8% higher than what it seemed at first.
Summary
If you make 8,400,000 元 a year living in the region of Guangzhou, China, you will be taxed 3,575,508 元. That means that your net pay will be 4,824,492 元 per year, or 402,041 元 per month. Your average tax rate is 42.6% 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 7308000
13.0%
1
Hungary
CNY 6846000
18.5%
2
Ukraine
CNY 6762000
19.5%
3
Czech Republic
CNY 6460366
23.1%
4
Romania
CNY 4914000
41.5%
5
Poland
CNY 4854508
42.2%
6
Greece
CNY 4718856
43.8%
7
Switzerland
CNY 4641352
44.8%
8
Norway
CNY 4520501
46.2%
9
United Kingdom
CNY 4507857
46.3%
10
Spain
CNY 4478799
46.7%
11
Luxembourg
CNY 4451998
47.0%
12
Denmark
CNY 4395831
47.7%
13
Austria
CNY 4387876
47.8%
14
Netherlands
CNY 4308314
48.7%
15
Sweden
CNY 4269775
49.2%
16
Germany
CNY 4170147
50.4%
17
Ireland
CNY 4139044
50.7%
18
Italy
CNY 3864427
54.0%
19
France
CNY 3772688
55.1%
20
Finland
CNY 3203520
61.9%
21
Belgium
CNY 3179185
62.2%
22
Portugal
CNY 3088586
63.2%
23
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North America
Country
Net pay
Average tax
Rank
USA
CNY 4730667
43.7%
1
Canada
CNY 4072474
51.5%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Kazakhstan
CNY 7510861
10.6%
1
Hong Kong
CNY 6995716
16.7%
2
Singapore
CNY 6613898
21.3%
3
Indonesia
CNY 5705252
32.1%
4
Thailand
CNY 5559621
33.8%
5
Pakistan
CNY 5492297
34.6%
6
Vietnam
CNY 5471856
34.9%
7
Philippines
CNY 5265842
37.3%
8
Taiwan
CNY 5222099
37.8%
9
New Zealand
CNY 5200952
38.1%
10
Malaysia
CNY 5096380
39.3%
11
China
CNY 4825271
42.6%
12
Japan
CNY 4717952
43.8%
13
South Korea
CNY 4601388
45.2%
14
Australia
CNY 4590860
45.4%
15
India
CNY 2543231
69.7%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CNY 7440289
11.4%
1
Brazil
CNY 6094055
27.5%
2
Costa Rica
CNY 5720357
31.9%
3
Panama
CNY 5655046
32.7%
4
Mexico
CNY 5494840
34.6%
5
Puerto Rico
CNY 5471688
34.9%
6
Argentina
CNY 5459950
35.0%
7
Uruguay
CNY 5298985
36.9%
8
Colombia
CNY 5294144
37.0%
9
Chile
CNY 5216226
37.9%
10
Peru
CNY 5201932
38.1%
11
Ecuador
CNY 4890454
41.8%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
CNY 6112251
27.2%
1
Kenya
CNY 5883658
30.0%
2
Ivory Coast
CNY 5722927
31.9%
3
Nigeria
CNY 5714577
32.0%
4
Ghana
CNY 5563800
33.8%
5
Mozambique
CNY 5475965
34.8%
6
Zambia
CNY 5168108
38.5%
7
Cameroon
CNY 5123237
39.0%
8
Morocco
CNY 5106611
39.2%
9
Senegal
CNY 5048257
39.9%
10
South Africa
CNY 4691824
44.1%
11
Uganda
CNY 4645791
44.7%
12
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Middle East
Country
Net pay
Average tax
Rank
Kuwait
CNY 8323379
0.9%
1
Saudi Arabia
CNY 8296000
1.2%
2
Bahrain
CNY 8251508
1.8%
3
United Arab Emirates
CNY 7980000
5.0%
4
Qatar
CNY 7980000
5.0%
5
Oman
CNY 7728000
8.0%
6
Egypt
CNY 6301995
25.0%
7
Lebanon
CNY 6301366
25.0%
8
Turkey
CNY 4893627
41.7%
9
Israel
CNY 4376867
47.9%
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.