Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
25,500 元
Income Tax
- 3,218 元
Housing Fund
- 1,785 元
Pension
- 2,040 元
Medical Insurance
- 510 元
Unemployment
- 128 元
Total tax
- 7,680 元
Net pay
* 17,820 元
Marginal tax rate
34.0%
Average tax rate
30.1%
69.9%
Net pay
30.1%
Total tax
Total tax
Net pay
Summary
If you make 306,000 元 a year living in the region of Shanghai, China, you will be taxed 92,160 元. That means that your net pay will be 213,840 元 per year, or 17,820 元 per month. Your average tax rate is 30.1% and your marginal tax rate is 34.0%. 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 34 元, hence, your net pay will only increase by 66 元.
Bonus Example
A 1,000 元 bonus will generate an extra 660 元 of net incomes. A 5,000 元 bonus will generate an extra 3,300 元 of net incomes.
NOTE* Withholding is calculated based on the Shanghai 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.