Salary Deductions Calculator
Enter your monthly salary to estimate the MPF contribution and a rough salaries tax, giving your take-home pay.
Input Data
Results
At a glance:Hong Kong monthly deductions include the employee MPF and a salaries-tax reserve. Employee MPF = min(monthly salary × MPF rate, MPF cap); take-home = monthly salary − MPF − estimated monthly tax. MPF is statutory at 5% up to HK$1,500 a month; the tax here is a rough estimate, not the Inland Revenue assessment.
Formula
MPF = min(monthly salary × MPF rate, MPF cap).
Take-home = monthly salary − MPF − estimated monthly tax.
How to Use
- Enter the monthly salary.
- Enter the MPF rate and cap and the estimated monthly tax.
- Read the MPF, the net pay and the breakdown.
FAQ
Why is the MPF cap HK$1,500?
The current maximum relevant income is HK$30,000; the employee contributes 5%, i.e. HK$1,500. Income above HK$30,000 is not compulsorily contributed, so the cap is HK$1,500 (subject to policy changes).
Why do I enter the tax myself?
Salaries tax involves allowances, deductions and a comparison of progressive vs standard rates — too complex to fold in here. This tool focuses on the wage-deduction framework; enter the monthly reserve from a proper tax calculator for the most accurate figure.
Does the employer also contribute MPF?
Yes, the employer contributes a separate 5% (same cap). That is the employer's cost and is not deducted from your take-home; this tool only shows the employee contribution's effect on your net pay.
How do double pay and bonuses factor in?
This tool computes fixed monthly take-home. Double pay/bonuses are usually separate and may shift your annual tax band; assess them on an annual basis or spread them into the monthly estimate.
Does it include voluntary contributions (TVC)?
Not by default — it is your choice. If you have TVC, you can fold it into the estimated-tax field (TVC is tax-deductible, indirectly affecting tax) or plan it separately.
Can the result be used as an official tax filing?
No. This is a simplified estimate to help you see cash flow quickly. For official salaries tax, use the IRD calculator or consult an accountant.
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References
Content review: Calculatorism Science Team. Results are for reference only; please refer to the relevant authorities for the official figures.