Calculate individual income tax based on the latest Chinese tax laws. Supports 5 income types, including salary and labor remuneration, plus 6 special deductions.
Return on Investment (ROI) Calculator
Enter your investment amount and dates to quickly calculate ROI and annualized return, helping you make smarter investment decisions.
FVIFA Calculator
Accurately calculate the Future Value Interest Factor of an Annuity (FVIFA) to evaluate future returns. Supports custom interest rates, periods, and decimal places.
Bond YTM Calculator
Accurately calculate the annualized yield of a bond held to maturity to assist with investment decisions and bond valuation analysis.
Chinese RMB Amount Converter
Accurately convert between numeric amounts and Chinese uppercase/lowercase financial characters to meet formatting standards for Chinese contracts, invoices, and banking.
CAGR Calculator
Calculate the Compound Annual Growth Rate (CAGR) of your investments. Enter the initial value, final value, and number of years to get an accurate annualized return assessment.
Not sure how much tax is deducted from your monthly salary? Based on the implementation regulations of the Individual Income Tax Law, this tool accurately calculates the tax payable for 5 types of income: wages and salaries, labor remuneration, author's remuneration, royalties, and incidental income. Using the cumulative withholding method formula: Taxable Income = Income - Social Insurance and Housing Fund - 5,000 RMB Threshold - Special Additional Deductions, it automatically matches the 7-bracket progressive tax rate table to determine the final tax amount.
Q: How is the income tax on year-end bonuses calculated?
A: This tool currently does not support separate tax calculations for annual one-time bonuses. They must be combined and calculated with the actual monthly salary.
Q: Can I claim both mortgage interest and housing rent deductions at the same time?
A: No. According to tax regulations, you can only choose one between the mortgage interest deduction and the housing rent deduction, and it must meet local standards.
The calculation result is an estimated monthly withholding value. The actual tax amount may vary due to the annual final tax settlement. For labor remuneration income, please note whether a 20% tax has already been withheld. Claims for major medical expense deductions require medical insurance settlement receipts.
When your salary exceeds the tax threshold, it is recommended to prioritize the housing rent deduction (1,500 RMB/month in municipalities/provincial capitals). If a single payment for labor remuneration is less than 4,000 RMB, you can deduct an 800 RMB expense before calculating at a 20% tax rate. Typical example: With a monthly salary of 20,000 RMB, social insurance and housing fund of 3,000 RMB, and a children's education deduction of 1,000 RMB, the final taxable income is 11,000 RMB, which falls under the 10% tax rate.
