* Deductions are calculated based on the Hong Kong tables of Hong Kong, 2018 income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.
If you make HK$ 300,000.00 a year living in Hong Kong, you will be taxed HK$ 11,520.00 . That means that your net pay will be HK$ 288,480.00 per year, or HK$ 24,040.00 per month. Your average tax rate is 3.84% and your marginal tax rate is 16.04%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of HK$ 100.00 in your salary will be taxed HK$ 16.04, hence, your net pay will only increase by HK$ 83.96.
A HK$ 1,000.00 bonus will generate an extra HK$ 839.60 of net revenues.
A HK$ 5,000.00 bonus will generate an extra HK$ 4,198.00 of net revenues.