Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
40,664 元
Income Tax
- 945 元
Housing Fund
- 4,880 元
Pension
- 3,253 元
Medical Insurance
- 813 元
Unemployment
- 203 元
Total tax
- 10,095 元
Net pay
* 30,569 元
Marginal tax rate
24.8%
Average tax rate
24.8%
75.2%
Net pay
24.8%
Total tax
Total tax
Net pay
The Taxberg
30,569 元
Net pay
16,001 元
Tax the employer pays
10,095 元
Tax you pay
Total tax paid
26,096 元
Did you know your employer also pays tax on your salary? It costs the employer 16,001 元 to pay you 40,664 元. In other words, every time you spend 10 元 of your hard-earned money, 6.42 元 goes to the government.
Real tax rate
46.1%
So, with you and the employer both paying tax, what used to be a 24.8% tax rate now rises to 46.1%, meaning your real tax rate is actually 21.3% higher than what it seemed at first.
Summary
If you make 40,664 元 a year living in the region of Beijing, China, you will be taxed 10,095 元. That means that your net pay will be 30,569 元 per year, or 2,547 元 per month. Your average tax rate is 24.8% and your marginal tax rate is 24.8%. 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 24.82 元, hence, your net pay will only increase by 75.18 元.
Bonus Example
A 1,000 元 bonus will generate an extra 752 元 of net incomes. A 5,000 元 bonus will generate an extra 3,759 元 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Shanghai
CNY 32541
20.0%
1
Guangzhou
CNY 30687
24.5%
2
Beijing
CNY 30569
24.8%
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.