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CHINA TALENT INSIGHTS FOR INNOVENT BIO
when recruiting AN ENGINEER in SUZHOU
Talent Sources for Innovent Bio
when recruiting an Engineer in Suzhou
Talent Source Address Distance
China Salary & Income Taxberg (Chinese National) for Innovent Bio
when recruiting an Engineer in Suzhou
CNY 13,885.13
Monthly NET Salary
CNY 5,873.57
Monthly Total Funds & Taxes Employer Pays
CNY 4,076.87
Monthly Total Funds & Taxes Employee Pays
Total Funds & Taxes paid by Employer and Employee
CNY 9,950.45
(a premium of 71.66% on top of the Monthly NET Salary )
Did you know an employer also pays for funds on top of an employee's gross salary?
It costs the employer CNY 5,873.57 in funds to be able to pay an employee a Gross Salary of
CNY 17,962.00.
China Funds & Tax
  • Year
  • Month
  • Day
  • Hour
TOTAL EMPLOYER COST
132.70%
CNY 23,835.57

Paid by Employer

Housing Fund (Employer)
8.00%
CNY 1,436.96
Pension Fund (Employer)
13.00%
CNY 2,335.06
Medical Insurance Fund (Employer)
3.00%
CNY 538.86
Unemployment Fund (Employer)
0.50%
CNY 89.81
Work Injury Fund (Employer)
0.20%
CNY 35.92
Maternity Fund (Employer)
8.00%
CNY 1,436.96

GROSS SALARY
100.00%
CNY 17,962.00

Paid by Employee

Individual Income Tax (Employee)
4.20%
CNY 753.90
Housing Fund (Employee)
8.00%
CNY 1,436.96
Pension Fund (Employee)
8.00%
CNY 1,436.96
Medical Insurance Fund (Employee)
2.00%
CNY 359.24
Unemployment Fund (Employee)
0.50%
CNY 89.81

NET SALARY
77.30%
CNY 13,885.13
Summary

If an employee makes CNY 17,962.00 gross a month as a Chinese National living in Suzhou, that employee will personally save in funds and be taxed in total CNY 4,076.87. That means that the employee's net pay will be CNY 13,885.13 per month, or CNY 166,621.52 per year. The employee's average personal tax rate will be 22.70%.

Bonus Example

A 1-month gross bonus of CNY 17,962.00 will generate an extra CNY 17,423.14 of net income.
A 3-months gross bonus of CNY 53,886.00 will generate an extra CNY 48,707.40 of net income.
A 6-months gross bonus of CNY 107,772.00 will generate an extra CNY 97,204.80 of net income.
A 12-months gross bonus of CNY 215,544.00 will generate an extra CNY 173,845.20 of net income.

Compare Salary Scenarios
  • 500
  • 1,000
  • 2,500
  • 5,000
  • 10,000
Created with Highcharts 10.1.0Total Employer CostGross SalaryNET Salary5k10k15k20k25k30k35k
Total Employer Cost:
CNY24,212.78
Gross Salary:
CNY17,962.00
NET Salary:
CNY14,046.79
Scenario Employer Total Cost (CNY) Employer Total Funds & Taxes (CNY) Employee Monthly Gross Salary (CNY) Employee Total Funds & Taxes (CNY) Employee Net Salary (CNY)
+5,000
30,952.78
7,990.78
22,962.00
5,397.08
17,564.92
+4,000
29,604.78
7,642.78
21,962.00
5,057.08
16,904.92
+3,000
28,256.78
7,294.78
20,962.00
4,717.08
16,244.92
+2,000
26,908.78
6,946.78
19,962.00
4,430.22
15,531.78
+1,000
25,560.78
6,598.78
18,962.00
4,172.72
14,789.28
+0
24,212.78
6,250.78
17,962.00
3,915.22
14,046.78
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-1,000
22,864.78
5,902.78
16,962.00
3,657.72
13,304.28
-2,000
21,516.78
5,554.78
15,962.00
3,400.22
12,561.78
-3,000
20,168.78
5,206.78
14,962.00
3,142.72
11,819.28
-4,000
18,820.78
4,858.78
13,962.00
2,885.22
11,076.78
-5,000
17,472.78
4,510.78
12,962.00
2,627.72
10,334.28
Salary & Income Analysis by City
City Employer Total Cost (CNY) Employer Total Funds & Taxes (CNY) Employee Monthly Gross Salary (CNY) Employee Total Funds & Taxes (CNY) Employee Net Salary (CNY) Total Tax Rate Rank
Suzhou
23,835.57
5,873.57
17,962.00
4,076.87
13,885.13
55.40
1
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Shanghai
24,212.78
6,250.78
17,962.00
3,915.22
14,046.78
56.60
2
Guangzhou
23,880.48
5,918.48
17,962.00
4,675.01
13,286.99
58.98
3
Chengdu
24,589.98
6,627.98
17,962.00
4,707.34
13,254.66
63.11
4
Wuhan
24,715.71
6,753.71
17,962.00
4,697.47
13,264.53
63.75
5
Chongqing
24,715.71
6,753.71
17,962.00
4,725.31
13,236.69
63.91
6
Nanjing
24,733.67
6,771.67
17,962.00
4,723.51
13,238.49
64.00
7
Hangzhou
24,751.64
6,789.64
17,962.00
4,723.51
13,238.49
64.10
8
Tianjin
24,823.48
6,861.48
17,962.00
4,723.51
13,238.49
64.50
9
Beijing
25,039.03
7,077.03
17,962.00
4,726.20
13,235.80
65.71
10
Recruitment Service Cost Estimate for Innovent Bio
Cost Estimate for when you involve Direct HR as your Recruitment Partner to hire a great Engineer for your operations in Suzhou:
CNY 100,000
Direct HR Terms & Conditions
No Cure, No Pay:
Innovent Bio only compensates Direct HR after Innovent Bio has selected and officially hired the candidate which has been introduced to Innovent Bio by Direct HR
25% of the first year's gross before-tax remuneration of the hired candidate
Minimum Fee: CNY 100,000
Learn more