Individual Income Tax Rates(Applicable to income from wages and salaries)

Individual Income Tax Rates

(Applicable to income from wages and salaries)

Grade: Monthly Taxable Income Tax Rate(%) Quick deduction (yuan)

       (The income is Including tax)    

1 Income of 1500 yuan or less 3 0

2 That part of income in excess of 1500 to 4,500 yuan 10 105

3 That part of income in excess of 4,500 to 9,000 yuan 20 555

4 That part of income in excess of 9,000 to 35,000 yuan 25 1005

5 That part of income in excess of 35,000 to 55,000 yuan 30 2755

6 That part of income in excess of 55,000 to 80,000 yuan 35 5505

7 That part of income in excess of 80,000 yuan 45 13505

Note1: “Monthly taxable income” mentioned in this schedule refers to the amount remaining after deduction of 3500 yuan for expenses or an additional deduction of expenses from monthly income.

3500yuan expenses deduction amount is for Chinese people.

Note2: “Monthly taxable income” mentioned in this schedule refers to the amount remaining after deduction of 4800 yuan for expenses or an additional deduction of expenses from monthly income”

For foreigners, the deduction amount is 4800yuan.

Formula: Individual Income Tax=(Payroll before tax -Social Insurance Personal part –Housing fund-CNY3500 or CNY4800)* Tax Rate-Quick Deduction

This schedule1 shall come into force as of September 1, 2011.