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Before going to the tax rates of salaries tax and personal assessment, you may want to know how to calculate the amount of tax you should pay. This article will also tell you the standard rate and annual income levels at which salaries tax payers enter the standard rate zone.

How to Calculate the Amount of Tax that You Should Pay?

Your net chargeable income, i.e. assessable income after deductions and allowances, is charged at progressive rates. But if what you need to pay on the basis of your net chargeable income exceeds the tax charged at standard rate on your net total income, i.e. assessable income after deductions but before allowances, then you have to pay the lower amount of tax.

Year of Assessment 2008/09 to 2014/15

 Net chargeable IncomeRateTax
 $ $
On the First40,0002%800
On the Next40,0007%2,800
 80,000 3,600
On the Next40,00012%4,800
 120,000 8,400
Remainder 17% 

Tax Reduction

Year of Assessment

% of Tax Reduction

Maximum Per Case ($)

Applicable Tax Types

2008/09

100%

8,000

salaries tax and tax under personal assessment

2009/10 & 2010/11

75%

6,000

salaries tax and tax under personal assessment

2011/12

75%

12,000

salaries tax, profits tax and tax under personal assessment

2012/13

75%

10,000

salaries tax, profits tax and tax under personal assessment

2013/14

75%

10,000

salaries tax, profits tax and tax under personal assessment

 

Standard Rate

Year of AssessmentTax Rate
2008/09 onwards15%

Tax Reduction

Year of Assessment

% of Tax Reduction

Maximum Per Case ($)

Applicable Tax Types

2008/09

100%

8,000

salaries tax and tax under personal assessment

2009/10 & 2010/11

75%

6,000

salaries tax and tax under personal assessment

2011/12

75%

12,000

salaries tax, profits tax and tax under personal assessment

2012/13

75%

10,000

salaries tax, profits tax and tax under personal assessment

2013/14

75%

10,000

salaries tax, profits tax and tax under personal assessment

 

Annual Income Levels at Which Salaries Tax Payers Enter the Standard Rate Zone

 Year of Assessment 2008/09
to 2010/11     $

Year of
Assessment
2011/12
$

Year of
Assessment
2012/13
$

Year of
Assessment
2013/14
$
Year of
Assessment
2014/15
$
Single1,518,0001,518,0001,620,0001,620,000 1,620,000
Married2,436,0002,436,0002,640,0002,640,000 2,640,000
Married + 1 child#2,861,0002,946,0003,175,5003,235,000 3,235,000
Married + 2 children#3,286,0003,456,0003,711,0003,830,000 3,830,000
Married + 3 children#3,711,0003,966,0004,246,5004,425,000 4,425,000

Including Two Dependent Parents or Grandparents Aged 60 or Above

 Year of Assessment 2008/09
to 2010/11     $
Year of
Assessment
2011/12
$
Year of
Assessment
2012/13
$
Year of
Assessment
2013/14
$
Year of
Assessment
2014/15
$
Single2,028,0002,130,0002,266,0002,266,000 2,300,000
Married2,946,0003,048,0003,286,0003,286,000 3,320,000
Married + 1 child#3,371,0003,558,0003,821,5003,881,000 3,915,000
Married + 2 children#3,796,0004,068,0004,357,0004,476,000 4,510,000
Married + 3 children#4,221,0004,578,0004,892,5005,071,000 5,105,000

Including Two Dependent Parents or Grandparents Both Aged 60 or Above and Living With You

 Year of Assessment 2008/09
to 2010/11     $
Year of
Assessment
2011/12
$

Year of
Assessment
2012/13
$

Year of
Assessment
2013/14
$
Year of
Assessment
2014/15
$
Single2,538,0002,742,0002,912,0002,912,000 2,980,000
Married3,456,0003,660,0003,932,0003,932,000 4,000,000
Married + 1 child#3,881,0004,170,0004,467,5004,527,000 4,595,000
Married + 2 children#4,306,0004,680,0005,003,0005,122,000 5,190,000
Married + 3 children#4,731,0005,190,0005,538,5005,717,000 5,785,000

Including One Dependent Parent or Grandparent Aged 60 or Above and Living With You and One Disabled Dependent Brother or Sister

 Year of Assessment 2008/09
to 2010/11     $
Year of
Assessment
2011/12
$

Year of
Assessment
2012/13
$

Year of
Assessment
2013/14
$
Year of
Assessment
2014/15
$
Single2,793,0002,895,0003,107,5003,107,500 3,141,500
Married3,711,0003,813,0004,127,5004,127,500 4,161,500
Married + 1 child#4,136,0004,323,0004,663,0004,722,500 4,756,500
Married + 2 children#4,561,0004,833,0005,198,5005,317,500 5,351,500
Married + 3 children#4,986,0005,343,0005,734,0005,912,500 5,946,500

Being a Single Parent with

 Year of Assessment 2008/09
to 2010/11     $
Year of
Assessment
2011/12
$

Year of
Assessment
2012/13
$

Year of
Assessment
2013/14
$
Year of
Assessment
2014/15
$
1 child#2,861,0002,946,0003,175,5003,235,000 3,235,000
2 children#3,286,0003,456,0003,711,0003,830,000 3,830,000
3 children#3,711,0003,966,0004,246,5004,425,000 4,425,000

Note: The effects of the various deductions are not included in the above tables.

# Not include new born child allowance

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Last revision date: July 2014

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