Hong Kong Tax Calculator 2024-2025

Calculate your take-home pay in Hong Kong with our free tax calculator. Hong Kong has one of the lowest tax rates in the world. Get accurate estimates of income tax and MPF contributions for the 2024-2025 tax year.

Use Our Free Tax Calculator

Get instant calculations for your Hong Kong salary

Calculate Hong Kong Tax

Understanding Hong Kong Income Tax

Hong Kong uses a progressive income tax system with very low tax rates. The tax year runs from April 1 to March 31. Here's what you need to know:

2024-2025 Tax Brackets

  • HK$0 - HK$50,000: 2%
  • HK$50,001 - HK$100,000: 6%
  • HK$100,001 - HK$150,000: 10%
  • HK$150,001 - HK$200,000: 14%
  • HK$200,001 and above: 17%

Standard Rate: Taxpayers can choose to pay 15% standard rate on net chargeable income, whichever is lower.

Two-Tiered Standard Rate: For very high earners, a two-tiered standard rate applies (7.5% on first HK$5,000,000, 15% on excess).

Basic Allowance

All taxpayers receive a basic allowance of HK$132,000, which is deducted from gross income before calculating tax.

MPF (Mandatory Provident Fund)

MPF is Hong Kong's mandatory retirement savings scheme. Both employees and employers contribute 5% of salary (capped at HK$1,500 per month for employees).

How to Use the Hong Kong Tax Calculator

  1. Enter your gross annual salary in Hong Kong Dollars (HKD)
  2. Select your pay period (yearly, monthly, or weekly)
  3. Optionally enter your MPF contribution percentage
  4. Click "Calculate" to see your detailed tax breakdown

What the Calculator Shows

  • Gross Income: Your total salary before deductions
  • Basic Allowance: HK$132,000 tax-free amount
  • MPF Withhold: Your MPF contribution (capped)
  • Income Tax: Tax calculated using progressive brackets or standard rate (whichever is lower)
  • Net Income: Your take-home pay after all deductions
  • Effective Tax Rate: Total tax as a percentage of gross income
  • Employer MPF: Employer contribution (not deducted)

Important Notes

Disclaimer: This calculator provides estimates based on the latest published tax rates from the Inland Revenue Department (IRD) of Hong Kong. Tax calculations are complex and individual circumstances vary. For official tax advice, consult the IRD website or a qualified tax professional.

Tax Year: This calculator uses rates for the 2024-2025 tax year (April 1, 2024 to March 31, 2025).

Ready to Calculate?

Calculate Your Hong Kong Tax Compare with Other Countries