Configure Inputs

CN¥20.00K
CN¥
CN¥5.00KCN¥200.00K
10.5%
%
025

Includes 5,000 RMB per month standard deduction. Calculates Individual Income Tax (IIT) based on 2024 progressive brackets. Social Insurance rates vary by city (avg 10.5% used).

Monthly Take-Home Pay

¥16,730.00

Annual Net: ¥200,760.00

Income Tax (IIT)

CN¥14.04K

Social Insurance

CN¥25.20K

Annual Take-Home

CN¥200.76K

Break-up of Maturity Value

Invested Amount
Est. Returns
Standard Deduction¥60,000.00
Taxable Income¥154,800.00
Individual Income Tax-¥14,040.00
Social Insurance-¥25,200.00
Annual Net Income¥200,760.00

China Income Distribution

Principal
Interest
Fees & Charges
Take-Home vs Tax vs Social Insurance

Deep Dive & FAQ

Individual Income Tax (IIT)

China uses a progressive tax system for comprehensive income (wages, salaries, etc.).

Calculation Flow:

  • Standard Deduction: 5,000 RMB per month (60,000 RMB per year).
  • Special Additional Deductions: Expenses like children's education, rent, or elderly care can be deducted (not modeled in this simplified calculator).
  • Social Insurance: Employee contributions to pension, medical, and unemployment insurance are tax-deductible.