Tel: (86-10) 5879 3535
Unit 703, Block A, Building No. 1,
Genertime International Center,
Jia 3 Yongandongli, Jianguomenwai Avenue,
Chaoyang District, Beijing 100022,PRC.
I.I.T. Tax Rate
PRC individual income tax from salaries and wages can be calculated as :
Monthly taxable income × applicable tax rate - Quick Reckoning Amount
Monthly taxable income = total monthly income - monthly standard deduction
For Foreigner, monthly standard deduction is RMB4,800
For Chinese citizens, monthly standard deduction is RMB3,500
Year of Assessment 2011/09 onwards:
| Grade | Monthly Taxable Income (RMB) | Tax Rate (%) | Quick Reckoning Amount (RMB) |
|---|---|---|---|
| 1 | <1,500 | 3% | 0 |
| 2 | 1,500-4,500 | 10% | 105 |
| 3 | 4,500-9,000 | 20% | 555 |
| 4 | 9,000-35,000 | 25% | 1,005 |
| 5 | 35,000-55,000 | 30% | 2,755 |
| 6 | 55,000-80,000 | 35% | 5,505 |
| 7 | >80,000 | 45% | 13,505 |