Salary Calculator Hong Kong
Calculate your take-home salary in Hong Kong
Calculate Your Salary
Your Salary Breakdown
| Component | Annual Amount | Monthly Amount |
|---|---|---|
| Gross Salary | HK$0 | HK$0 |
| Total Deductions | HK$0 | HK$0 |
| Net Take-Home Pay | HK$0 | HK$0 |
About Your Deductions
- MPF Contribution is calculated based on current 2024 rates
- Income Tax is calculated based on current 2024 rates
2024 Salary After Tax Breakdown in Hong Kong
Detailed Breakdown of Taxes and Contributions
Hong Kong Tax Breakdown 2024
With a gross annual income of HK$0, our Salary After Tax Calculator for Hong Kong estimates your net monthly income to be around HK$0.
Here is an itemized breakdown of the deductions applied to employment income in Hong Kong, as precisely computed by our salary after tax calculator:
| Item | Yearly Amount | Monthly Amount |
|---|---|---|
| Gross Income | HK$0 | HK$0 |
| MPF Contribution | HK$0 | HK$0 |
| Income Tax | HK$0 | HK$0 |
| Net Income (Take-Home Pay) | HK$0 | HK$0 |
Understanding Your Tax Breakdown
- Your gross annual salary of HK$0 is subject to 2 main deductions in Hong Kong.
- The largest deduction is MPF Contribution, at HK$0 per year.
- Your final take-home pay is HK$0 per month, or HK$0 annually.
In Hong Kong, the minimum wage is set at HKD 37.5 per hour. This equates to an approximate monthly income based on standard working hours.
After accounting for taxes and Mandatory Provident Fund (MPF) contributions, an individual on the Hong Kong minimum wage would net a different amount. The minimum wage aims to provide a basic standard of living and is reviewed periodically.
What is the Average Salary in Hong Kong?
According to the Hong Kong's Census and Statistics Department
Average Salaries in Hong Kong (2024)
The latest data reveals that the average yearly salary in Hong Kong is approximately HK$360,000. This figure varies significantly across different industries, levels of experience, and job roles. The median monthly gross salary in Hong Kong is estimated to be HK$30,000, subject to variations based on the district of employment.
Annual Average
HK$360,000
Monthly Average
HK$30,000
In Hong Kong, industries such as finance, technology, and real estate are known for offering higher-than-average salaries. Below is a detailed breakdown of median salaries by district within Hong Kong. Additionally, we provide insights into net salaries after tax deductions, offering a clearer view of potential take-home pay.
Salary Ranges by Experience Level
Entry Level
HK$252,000 - HK$324,000
Mid Level
HK$324,000 - HK$468,000
Senior Level
HK$468,000+
Regional Salary Variations in Hong Kong
| Region | Monthly Gross Salary | Monthly Net Salary |
|---|---|---|
| Central and Western | HK$40,000 | HK$31,800 |
| Wan Chai | HK$39,000 | HK$31,050 |
| Eastern | HK$37,000 | HK$29,400 |
| Southern | HK$35,000 | HK$27,850 |
| Yau Tsim Mong | HK$33,000 | HK$26,250 |
Key Salary Insights
- Highest paying region: Central and Western with average gross salary of HK$40,000
- Lowest paying region: Yau Tsim Mong with average gross salary of HK$33,000
- Average take-home pay ratio: 80% of gross salary
- Salary range variation: Up to 21% difference between regions
Important Disclaimer
The information provided by this salary calculator is for general informational purposes only. While we strive to keep the information up to date and accurate, tax regulations and rates can change frequently.
This calculator provides estimates only and should not be considered as financial advice. For accurate calculations and advice tailored to your specific situation, please consult a qualified tax advisor, accountant, or other professional financial expert in Hong Kong.
Tax calculations can be complex and may be affected by various factors not accounted for in this basic calculator. Always verify tax obligations with official sources or professional advisors before making any financial decisions.