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Hong Kong Salaries Tax Calculator

Estimate Hong Kong salaries tax — the lower of progressive and two-tiered standard rates

Salaries Tax Payable

HK$58,500

Take-home Pay

HK$541,500

Net Chargeable Income

HK$450,000

Tax at Progressive Rates

HK$58,500

Tax at Standard Rate

HK$87,300

Total Allowances

HK$132,000

Effective Tax Rate

9.8%

Your tax is charged at progressive rates because that produces the lower amount.

Progressive Rate Breakdown

BandRateChargeableTax
HK$0 – HK$50,0002%HK$50,000HK$1,000
HK$50,000 – HK$100,0006%HK$50,000HK$3,000
HK$100,000 – HK$150,00010%HK$50,000HK$5,000
HK$150,000 – HK$200,00014%HK$50,000HK$7,000
HK$200,000+17%HK$250,000HK$42,500

Estimate of Hong Kong salaries tax for the 2024/25 year of assessment. Some allowances and deductions are simplified. This is not tax advice.

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Hong Kong Salaries Tax Calculator

Estimate your Hong Kong salaries tax for the 2024/25 year of assessment. Enter your total annual income, allowable deductions (such as MPF contributions and approved donations), and your allowances for marital status, children, and dependent parents. Hong Kong charges the lower of two amounts: progressive rates of 2%, 6%, 10%, and 14% on successive HK$50,000 bands of net chargeable income (17% on the remainder), or the two-tiered standard rate (15% on the first HK$5 million of net income and 16% above). The calculator computes both and shows the lower tax payable, your take-home pay, and your effective tax rate.

FAQ

How is Hong Kong salaries tax calculated?
Tax is the lower of (1) progressive rates on net chargeable income (income − deductions − allowances) and (2) the two-tiered standard rate on net income (income − deductions). The calculator works out both and applies the smaller figure.
What is the two-tiered standard rate?
From the 2024/25 year of assessment, the standard rate is 15% on the first HK$5 million of net income and 16% on the portion above HK$5 million.
What is the basic allowance?
The basic personal allowance is HK$132,000 (HK$264,000 for the married person's allowance). Child allowance and dependent parent allowance further reduce your net chargeable income.
What deductions can I enter?
Common deductions include mandatory MPF contributions (up to HK$18,000), approved charitable donations, self-education expenses, and home loan interest. Enter your eligible total.