Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
50,642 元
Income Tax
- 11,110 元
Housing Fund
- 1,913 元
Pension
- 1,129 元
Medical Insurance
- 282 元
Unemployment
- 70.55 元
Total tax
- 14,505 元
Net pay
* 36,137 元
Marginal tax rate
43.0%
Average tax rate
28.6%
71.4%
Net pay
28.6%
Total tax
Total tax
Net pay
The Taxberg
36,137 元
Net pay
5,772 元
Tax the employer pays
14,505 元
Tax you pay
Total tax paid
20,277 元
Did you know your employer also pays tax on your salary? It costs the employer 5,772 元 to pay you 50,642 元. In other words, every time you spend 10 元 of your hard-earned money, 4 元 goes to the government.
Real tax rate
35.9%
So, with you and the employer both paying tax, what used to be a 28.6% tax rate now rises to 35.9%, meaning your real tax rate is actually 7.3% higher than what it seemed at first.
Summary
If you make 1,215,408 元 a year living in the region of Beijing, China, you will be taxed 348,121 元. That means that your net pay will be 867,287 元 per year, or 72,274 元 per month. Your average tax rate is 28.6% and your marginal tax rate is 43.0%. 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 43.01 元, hence, your net pay will only increase by 56.99 元.
Bonus Example
A 1,000 元 bonus will generate an extra 570 元 of net incomes. A 5,000 元 bonus will generate an extra 2,850 元 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Shanghai
CNY 881249
27.5%
1
Beijing
CNY 867287
28.6%
2
Guangzhou
CNY 866419
28.7%
3
NOTE* Withholding is calculated based on the Beijing 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.