{"slug":"income-tax-hong-kong","name":"Hong Kong Income Tax Calculator (2024/25)","category":"fortune","tags":["earning","tax","planning"],"tagline":"2024/25 Hong Kong income tax: tax owed, effective rate, marginal rate, and take-home pay.","endpoint":"https://xearno.tools/api/v1/tools/income-tax-hong-kong","page":"https://xearno.tools/t/income-tax-hong-kong","description":"Computes Hong Kong personal income tax for 2024/25 using the official progressive brackets, and explains the number the way it actually works: your marginal rate versus your effective rate, how far you are from the next bracket, and exactly what this model excludes.","inputSchema":{"type":"object","properties":{"annualIncome":{"description":"Annual income (HKD)","type":"number","minimum":0,"default":400000},"deduction":{"description":"Deductions (HKD) Prefilled with the standard deduction/allowance.","type":"number","minimum":0,"default":132000}},"required":[],"additionalProperties":false},"methodology":["Cumulative progressive calculation: each slice of taxable income is taxed at its bracket's rate — 2% up to 50,000, 6% up to 100,000, 10% up to 150,000, … up to 17% at the top. Taxable income = annual income − deductions.","Basis: Salaries tax progressive rates 2024/25, basic allowance HK$132,000. Bracket tables are updated when the jurisdiction publishes new rates; the tax year is stated in the tool name so you never mistake stale rates for current ones.","Scope: personal income tax only. Excluded: the standard-rate cap (tax never exceeds ~15-16% of net income — high earners pay less than this progressive scale suggests) and other allowances. Real filings involve credits, reliefs, and personal circumstances this calculator deliberately does not guess at."],"usage":"POST https://xearno.tools/api/v1/tools/income-tax-hong-kong with a JSON body matching inputSchema."}