Income tax calculator Hong Kong

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 342,500
Income Tax
- $ 15,150
MPF
- $ 17,125
Total tax
- $ 32,275
Net pay
* $ 310,225
Marginal tax rate
18.8%
Average tax rate
9.4%
90.6%
Net pay
9.4%
Total tax
Total tax
Net pay
People also ask
$ 342,500 yearly is how much per hour?
$ 165 hourly is how much per year?
What is the average salary in Hong Kong?
Summary
If you make $ 342,500 a year living in Hong Kong, you will be taxed $ 32,275. That means that your net pay will be $ 310,225 per year, or $ 25,852 per month. Your average tax rate is 9.4% and your marginal tax rate is 18.8%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $ 100 in your salary will be taxed $ 18.75, hence, your net pay will only increase by $ 81.25.
Bonus Example
A $ 1,000 bonus will generate an extra $ 813 of net incomes. A $ 5,000 bonus will generate an extra $ 4,063 of net incomes.
Tax per income
$ 345,000
$ 350,000
$ 355,000
$ 360,000
$ 365,000
$ 370,000
$ 375,000
$ 380,000
$ 385,000
$ 390,000
$ 395,000
$ 400,000
$ 405,000
$ 410,000
$ 415,000
$ 420,000
$ 425,000
$ 430,000
$ 435,000
$ 440,000
Europe
Country 
Net pay
Average tax
Rank
Russia
HKD 297975
13.0%
1
Switzerland
HKD 293372
14.3%
2
Hungary
HKD 279137
18.5%
3
Ukraine
HKD 275713
19.5%
4
Ireland
HKD 271226
20.8%
5
United Kingdom
HKD 270328
21.1%
6
France
HKD 267044
22.0%
7
Czech Republic
HKD 263499
23.1%
8
Norway
HKD 258706
24.5%
9
Spain
HKD 252056
26.4%
10
Luxembourg
HKD 248513
27.4%
11
Sweden
HKD 241800
29.4%
12
Austria
HKD 241025
29.6%
13
Denmark
HKD 230754
32.6%
14
Greece
HKD 228753
33.2%
15
Germany
HKD 221331
35.4%
16
Poland
HKD 218683
36.2%
17
Netherlands
HKD 215536
37.1%
18
Finland
HKD 208857
39.0%
19
Italy
HKD 207033
39.6%
20
Romania
HKD 200363
41.5%
21
Portugal
HKD 200087
41.6%
22
Belgium
HKD 169071
50.6%
23
Show more
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
HKD 310225
9.4%
1
Taiwan
HKD 299192
12.6%
2
Thailand
HKD 285546
16.6%
3
South Korea
HKD 277604
19.0%
4
Kazakhstan
HKD 275393
19.6%
5
Australia
HKD 272862
20.3%
6
New Zealand
HKD 266717
22.1%
7
Singapore
HKD 263114
23.2%
8
Indonesia
HKD 260089
24.1%
9
Pakistan
HKD 257321
24.9%
10
Japan
HKD 255428
25.4%
11
Malaysia
HKD 250719
26.8%
12
Philippines
HKD 246164
28.1%
13
Vietnam
HKD 235897
31.1%
14
China
HKD 225124
34.3%
15
India
HKD 212516
38.0%
16
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
HKD 325375
5.0%
1
Qatar
HKD 325375
5.0%
2
Bahrain
HKD 315100
8.0%
3
Oman
HKD 315100
8.0%
4
Saudi Arabia
HKD 308250
10.0%
5
Kuwait
HKD 304825
11.0%
6
Israel
HKD 272020
20.6%
7
Egypt
HKD 259020
24.4%
8
Lebanon
HKD 258344
24.6%
9
Turkey
HKD 200963
41.3%
10
Show more
NOTE* Withholding is calculated based on the tables of Hong Kong, 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.