How to use
- Enter annual comprehensive income.
- Enter annual special deductions (optional).
- Enter additional deductions (optional).
FAQ
What are the additional deductions?
They cover child education, continuing education, major medical, housing loan interest, housing rent, elderly care and infant care — seven categories you can claim to reduce taxable income.
Is the result monthly or annual?
This tool calculates on an annual (comprehensive income) basis and shows yearly tax and after-tax income; divide by 12 for a rough monthly figure.
What is the 60,000 basic deduction?
It is the annualized 5,000/month threshold (5,000 × 12) uniformly subtracted when computing taxable income.
Is separate year-end-bonus taxation better?
It depends on your amount and total income: lower earners often save by merging into comprehensive income, higher earners by taxing the bonus separately. This tool merges it; model the bonus separately if needed.
How do freelancers use this calculator?
Convert annual service or author royalties into comprehensive income, subtract costs and deductions, and estimate the tax due.
Why is there an annual reconciliation?
Tax is withheld monthly then settled yearly against actual income and deductions — refund or top-up. This tool estimates annually; the reconciliation is final.
About this Income Tax Calculator
Based on China's comprehensive income annual brackets (3%–45%) with a 60,000 basic deduction. Estimate only.