UKTaxCalculators World

comparing tax in india with china

IndiaChinaDifference in China
Gross Income 2,776,327.47 INR / 30,000.00 GBP 271,382.73 CNY / 30,000.00 GBP - 0.00 GBP
Tax Due 973,557.54 INR / 10,519.91 GBP 48,921.55 CNY / 5,408.03 GBP - 5,111.88 GBP
Net Income 1,802,769.93 INR / 19,480.08 GBP 222,461.18 CNY / 24,591.97 GBP + 5,111.88 GBP
Overall Tax Rate 35.1 % 18 % - 17.10 %.

Figures based upon 1 INR = 0.01080564 GBP.

Figures based upon 1 CNY = 0.11054499 GBP.

In India, an income of 2,776,327.47 INR / 30,000.00 GBP is more than the lowest average advertised salary of 35,620.00 INR / 384.90 GBP and more than the country's average income of 909,474.00 INR / 9,827.45 GBP.

In China, an income of 271,382.73 CNY / 30,000.00 GBP is more than the lowest average advertised salary of 66,000.00 CNY / 7,295.97 GBP and more than the country's average income of 240,000.00 CNY / 26,530.80 GBP.

Here are how much some common purchases cost in India vs China:

IndiaChinaDifference in China
Water Bottle (1.5L) 27.83 INR / 0.30 GBP 3.92 CNY / 0.43 GBP + 0.13 GBP
Milk Bottle (1L) 45.81 INR / 0.50 GBP 12.67 CNY / 1.40 GBP + 0.90 GBP
Pint of Beer 120.00 INR / 1.30 GBP 6.00 CNY / 0.66 GBP - 0.64 GBP
Bread (500g) 29.20 INR / 0.32 GBP 10.74 CNY / 1.19 GBP + 0.87 GBP
Chicken Breasts (1kg) 216.12 INR / 2.34 GBP 25.22 CNY / 2.79 GBP + 0.45 GBP
Petrol UK Gallon 348.97 INR / 3.77 GBP 32.22 CNY / 3.56 GBP - 0.21 GBP
Volkswagen Golf or Equivalent 800,000.00 INR / 8,644.51 GBP 140,000.00 CNY / 15,476.30 GBP + 6,831.79 GBP
Broadband Internet Monthly 882.80 INR / 9.54 GBP 100.18 CNY / 11.07 GBP + 1.53 GBP
Rent One Bedroom Apt. In City (Monthly) 11,243.07 INR / 121.49 GBP 3,582.47 CNY / 396.02 GBP + 274.53 GBP
Purchase One Bedroom Apt. In City 3,360,681.80 INR / 36,314.32 GBP 1,671,389.30 CNY / 184,763.71 GBP + 148,449.39 GBP

Part of Asia, India covers an area of 2,973,450 square kilometers.

India has a Gross Domestic Product (PPP) of 8,720.51 ($ Billion) from a population of 1,342,512,706.

A progressive tax system consisting of 4 bands with rates ranging from 0% to 30%.

Tax bands are as follow:

Below 250000 INR - 0%

Between 250000 INR and 500000 INR - 5%.

Between 500000 INR and 1000000 INR - 20%.

Above 1000000 INR - 30%.

Source: XE.com (Currency Conversion).

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

Source: Numbeo.com (Cost of living).

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 36000 CNY - 3%

Between 36000 CNY and 144000 CNY - 10%.

Between 144000 CNY and 300000 CNY - 20%.

Between 300000 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 60,000 CNY.

Social security contributions (Beijing): Pension 8%, Medical 2% + 3 CNY, Unemployment 0.2%. Total 10.2% + 3 CNY. Capped at 23,565 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 India and China and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to India's and China's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.

How we compare 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!

Compare tax using these examples:

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!

Help - find relevant tax tools and calculators - go back to top

Answer a few questions below and we will list relevant tax calculators and tools that can help you organise, budget and ultimately save you money!
are you an employee?