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Hi,
My company is paying me the following salary structure for a job in Chengdu. Can anyone tell me how much i would earn monthly after the tax deduction?
Monthly Base Salary (MBS): 16.4k for 13 months.
Living allowance: 25% MBS for 12 monthsThe formula my company uses for tax calculation is this:
Gross – 4800 = X
X x 20% = Y
Y- 555 = Total tax paid
No idea if this is standard or not but it is what I get charged, my pay is not too different to yours.
I have heard that the salary for expats has been deducted the social securities before tax( Although I’m not so sure about that,the result may be approximate),so the calculation below doesn’t take them into consideration.
(Living allowance should be counted into monthly salary for tax calculation unless you are working for the government)
Your salary after tax deduction is as followed:
1.the tax monthly for the former 11 months:
(16400*1.25-4800)*25%-1005=2920
2.the tax for the last month(the 13th month salary be counted into Dec.):
(16400+16400*1.25-4800)*25%-1005=7020
3.your annual salary after tax deduction:
(16400*13+16400*0.25*12)-(2920*11+7020)=223260
so your monthly average salary after tax is 223260/12=18605 rmb
If you need convenience,you can surf http://www.baidu.com(百度）for（个人所得税计算器),if you want to know more,check out the attachment.
The formula my company uses for tax calculation is this: Gross – 4800 = X X x 20% = Y Y- 555 = Total tax paid No idea if this is standard or not but it is what I get charged, my pay is not too different to yours.
your calculation is correct,but in different before-tax-salary level with Micky,so regarding to the attachment I post, two different percentage and deduction amount should be used for calculation.
Qunnie and China Bohs thanks for replying.I had some more query.
I work in the software industry and we generally follow the 9 AM-6 PM kind of working structure.How is the work culture in China. I heard it is a tight schedule and people almost work 15 hrs a day.
Also in my country I get 112000 RMB after the tax deduction. I wanted to know whether it would be fruitful for me to move to China with this salary.
If i get terminated from my job then till when can i remain in the country and search for a new job.
Also in my country I get 112000 RMB after the tax deduction. I wanted to know whether it would be fruitful for me to move to China with this salary.
Not sure what you’re asking. You got 112000 RMB in savings that you want to live off in China and wondering for how long it’ll last?
Are you saying you’re asking whether it’s fruitful to go from 112000 RMB a month to 16400 RMB a month?
It’s hard to say because some other things into consideration.
1.You can have a comfortable life with 18605 rmb salary in Chengdu(as I calculated above)while I don’t know the living standard in your country. It is important that income should be matched with expenses.
2.Is salary the only reason which decides you stay or come to China?If you have no interest in China(Chengdu) at all,you’d better think twice even you’ll be high paid here.
3.The normal working schedule is 9a.m.-5or6p.m. in China as well,but it still depands on your type of job,if you’re of a performance-based work and can’t accomplish your tasks in the daytime,working overtime may not be escaped.
I guess it’s not just in China,in many countries are the same.
4. I ‘m not so sure about your last query.(If I understand correct)You can search for a new job and go to the job interviews even when you’re in your current position,it doesn’t matter,but you should finish your work handover before you taking up the new one.
For your reference:
e.g.
Intel offer a start 5000-6000 salary to the Chinese graduates in Chengdu.They can have their common expenses covered with some other appropriate entertainments spending.
And the average income these years for Chengdu residants(Chinese)is around the standard.So your pay is very high in Chengdu comparing with Chinese.
If you want to be work&life balanced,Chengdu maybe your first choice in China in my opinion.
Hi Qunnie,
I know it is more than the average salary.Actually I was looking for a job and I came through this job posted for China in Linkedin .I just sent my profile but I didn’t expect that I would clear the interview.Now I have an offer even in my country and I haven’t informed my family that I am thinking of the job in China.I am excited about moving to a new place but I have to consider my family also.The dilemma lies over there.I am from India and Chengdu is just a hands away.<span style=”background-color: #fbfbfb; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 22px; text-align: justify;”>
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