Salary Tax Calculator
Please input into the yellow-shaded areas.
03/04
Monthly Salary No. of Months of Salary Annual Bonus, Housing Allowances, etc Total Annual Income Basic Personal Allowance MPF Contribution Other Allowances (if any)* Net Chargeable Income Tax Computation $ $ $ $ $ $ $ $ $ $ $ 12 104,000 (104,000) (104,000) 2% 7.5% 13% 18.5% $ $ $ $ (2,080) Monthly Salary No. of Months of Salary Annual Bonus, Housing Allowances, etc Total Annual Income Basic Personal Allowance MPF Contribution Other Allowances (if any)* Net Chargeable Income Tax Computation $ $ $ $ $ $ $ $ $ $ $ 12 100,000 (100,000) (100,000) 2% 8% 14% 20%
04 / 05
Difference % Increase
$ $ $ $
(2,000) -
Tax Payable
$
-
Tax Payable
Total
$ $
04/05 Allowances 100,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 100,000 60,000
$
-
#DIV/0!
*Other Allowances depend on your financial situation. Use the following table to compute yours.
Allowance rates are assumed to be unchanged in the new tax scheme (although it's unlikely the case).
Question Answer Are You Married? (Y/N) n No. of Children 0 1st Child n 2nd Child n 3rd Child N 4th Child n 5th Child n 6th Child n 7th Child n 8th Child n 9th Child n No. of Dependent Parents/Grandparents 0 Are They Living with You? (Y/N) n No. of Dependent Brother/Sisters 0 Single Parent n Disabled dependent 0 Others (e.g. Education Expenses, etc) $ Total Other Allowances
03/04 Allowance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $ $0
04/05 Allowance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $ $0
03/04 Allowances $ 104,000 $ $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 104,000 $ 60,000 $ $ $ $ $ $ $ $ $ $ $ $ $ $