How to calculate tax
This Department has developed a simple tax computation program to help you calculate your tax liability under Salaries Tax or Personal Assessment. All you have to do is to select the relevant assessment year, and then in the input page, select your marital status, input your and your spouse\'s (where applicable) total income and the number of your dependants and press the "Compute" button at the bottom . Another page will appear which shows you your estimated tax liability. This program has taken into account the tax relief measures announced in the 2007-08 Budget in calculating the amount of tax payable for 2006/07 and 2007/08.
Before you proceed, please read the following brief notes:-
(1) The tax payable figure produced by the program is for your information only. Its correctness always depends on whether you have entered the correct income figure and dependant number. We accept no liability whatsoever for any loss or damage which may be incurred by its use.
(2) Salaries Tax
This program can indicate whether it is to your advantage to elect Joint Assessment if the value of your and your spouse\'s income and deductions are inputted in the input page. If you have received back pay, gratuities, terminal / retirement award, you may also use this program to check whether it is to your advantage to have the lump sum payment related back to the relevant periods.
(3) Personal Assessment
If you and / or your spouse had income chargeable to Property Tax and / or Profits Tax, this program can indicate whether it is to your advantage to elect for Personal Assessment. Please input the value of your and your spouse\'s (where applicable) total income and deductions in the input page.
(4) Internet Filing
Our Internet Filing function will also compute your tax liability. Immediately after you have lodged your return electronically, the system will estimate your salaries tax payable automatically according to the information supplied in your tax return and show you the amount of salaries tax payable under each instalment after deducting the provisional tax charged for the year. For details on the features of the Internet Filing function.
(5) This program only works with Internet Explorer version 4.0 or Netscape 4.0 or above.
If you are ready, please select the relevant year of assessment to enter the input page of this program.