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china tax calculator

Gross Income: 239,999.97 CNY / 239,999.97 CNY
Tax Due: 61,415.99 CNY / 61,415.99 CNY
Net income: 178,583.98 CNY / 178,583.98 CNY
Overall Tax Rate: 25.6 %

Figures based upon 1 CNY = 1 CNY.

In China, an income of 239,999.97 CNY / 239,999.97 CNY is more than the lowest average advertised salary of 66,000.00 CNY / 66,000.00 CNY and less than the country's average income of 240,000.00 CNY / 240,000.00 CNY.

Why not compare the taxation and buying power of China with another country? click here.

Here are how much some common purchases cost in China:

Water Bottle (1.5L) : 3.92 CNY / 3.92 CNY (Price in China converted to CNY)

Milk Bottle (1L) : 12.67 CNY / 12.67 CNY (Price in China converted to CNY)

Pint of Beer : 6.00 CNY / 6.00 CNY (Price in China converted to CNY)

Bread (500g) : 10.74 CNY / 10.74 CNY (Price in China converted to CNY)

Chicken Breasts (1kg) : 25.22 CNY / 25.22 CNY (Price in China converted to CNY)

Petrol UK Gallon : 32.22 CNY / 32.22 CNY (Price in China converted to CNY)

Volkswagen Golf or Equivalent : 140,000.00 CNY / 140,000.00 CNY (Price in China converted to CNY)

Broadband Internet Monthly : 100.18 CNY / 100.18 CNY (Price in China converted to CNY)

Rent One Bedroom Apt. In City (Monthly) : 3,582.47 CNY / 3,582.47 CNY (Price in China converted to CNY)

Purchase One Bedroom Apt. In City : 1,671,389.30 CNY / 1,671,389.30 CNY (Price in China converted to CNY)

Part of Asia, China covers an area of 9,386,293 square kilometers.

China has a Gross Domestic Product (PPP) of 21,269.02 ($ Billion) from a population of 1,388,232,693.

A progressive tax system spread over 7 bands - ranging from 3% to 45%.

Tax bands are as follow:

Below 18000 CNY - 0%

Between 18000 CNY and 54000 CNY - 10%.

Between 54000 CNY and 108000 CNY - 20%.

Between 108000 CNY and 420000 CNY - 25%.

Between 420000 CNY and 660000 CNY - 30%.

Between 660000 CNY and 960000 CNY - 35%.

Above 960000 CNY - 45%.

A standard personal allowance is available of 42,000 CNY.

Social security contributions (Beijing): Pension 8%, Medical 2% + 36 CNY, Unemployment 0.2%. Total 10.2% + 36 CNY. Capped at 26,052 CNY.

Source: http://www.chinatax.gov.cn/2013/n2925/.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Help

This calculator allows you to calculate income taxes and social contributions equivalent for China. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose CNY as your preferred currency, then the income entered will be converted to China's native currency for the calculation so that correct income equivalent is used. The results will then be shown in CNY and your chosen currency.

How we calculate world taxes

We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.

We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.

Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.

It is quick and easy to use and you can get a detailed result at the click/tap of a button!

We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!

You can also compare tax using these examples:

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