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Pilots Salary in Dragon Air Hong Kong
| Year |
Monthly (HK $) |
Annual (HK$) |
| Second Officer (SO) |
|
|
| 1 |
$ 28,496.00 |
$ 341,952.00 |
| |
|
|
| Junior First Officer (JFO) |
|
|
| 1 |
$ 38,185.00 |
$ 458,220.00 |
| 2 |
$ 47,873.00 |
$ 574,476.00 |
|
|
|
| First Officer (FO) |
|
|
| 1 |
$ 56,992.00 |
$ 683,904.00 |
| 2 |
$ 58,130.00 |
$ 697,560.00 |
| 3 |
$ 59,293.00 |
$ 711,516.00 |
| 4 |
$ 60,478.00 |
$ 725,736.00 |
|
|
|
| Senior First Officer (SFO) |
|
|
| 1 |
$ 61,690.00 |
$ 740,280.00 |
| 2 |
$ 62,922.00 |
$ 755,064.00 |
| 3 |
$ 64,182.00 |
$ 770,184.00 |
| 4 |
$ 65,464.00 |
$ 785,568.00 |
| 5 |
$ 66,772.00 |
$ 801,264.00 |
| 6 |
$ 66,772.00 |
$ 801,264.00 |
| |
|
|
| Captain |
|
|
| 1 |
$ 85,060.00 |
$ 1,020,720.00 |
| 2 |
$ 86,763.00 |
$ 1,041,156.00 |
|
|
|
| Senior Captain |
|
|
| 1 |
$ 88,498.00 |
$ 1,061,976.00 |
| 2 |
$ 90,266.00 |
$ 1,083,192.00 |
| 3 |
$ 92,072.00 |
$ 1,104,864.00 |
| 4 |
$ 93,911.00 |
$ 1,126,932.00 |
| 5 |
$ 95,792.00 |
$ 1,149,504.00 |
| 6 |
$ 97,709.00 |
$ 1,172,508.00 |
| 7 |
$ 99,660.00 |
$ 1,195,920.00 |
| 8 |
$ 101,654.00 |
$ 1,219,848.00 |
| 9 |
$ 102,670.00 |
$ 1,232,040.00 |
| 10 |
$ 103,697.00 |
$ 1,244,364.00 |
| 11 |
$ 104,734.00 |
$ 1,256,808.00 |
| 12 |
$ 105,780.00 |
$ 1,269,360.00 |
| 13 |
$ 106,838.00 |
$ 1,282,056.00 |
|
|
|
Go to Universal Currency Converter
Exchange Rates (3rd February 2006)
|
One Unit Equals
|
In Hong Kong Dollars
|
|
1 British Pound
|
$13.67
|
|
1 Euro
|
$9.32
|
|
1 American Dollar
|
$7.75
|
|
1 Canadian Dollar
|
$6.76
|
|
1 Australian Dollar
|
$5.81
|
|
1 Singapore Dollar
|
$4.74
|
|
1 Malaysian Ringgit
|
$2.07
|
Notes:
The above salary scales for Dragon Air are based on basic pay only and does not include variable or housing allowances. Tax is 16% on basic pay.
Over the last few years the tax rate in Hong Kong has been steadily increasing. In the 2004/05 tax year, which was the final year of increases in personal tax rates in the current round, tax was calculated as follows:
Single tax free allowance: HK$100,000.00
Married tax free allowance: HK$200,000.00
After deducting the above relevant tax free allowance, the marginal tax rates are as follows:
First HK$30,000.00 = 2%
Next HK$30,000.00 = 8%
Next HK$30,000.00 = 14%
Remainder = 20%
Therefore if you are on a starting salary of HK$386,556.00 as a married S/O, the tax on your basic salary would be calculated as follows:
First HK$200,000.00 is tax free.
Next HK$30,000.00 @ 2% = HK$600.00
Next HK$30,000.00 @ 8% = HK$2400.00
Next HK$30,000.00 @ 14% = HK$4200.00
Remaining HK$96,556.00 @ 20% = HK$19,311.20
Total Tax on income = HK$26,511.20
Tax is also levied on your housing allowance but at different rates depending on whether you take it as a cash allowance or rental assistance. You have also got to consider Provisional tax. Basically in your first year they will tax you twice. You will get a credit for the provisional tax paid in your next years tax, though if you get a promotion and or additional pay through bonuses etc, provisional tax can be an ongoing pain in the butt. Luckily for me I knew it was going to be a shocker this financial year and allowed for it. Some I fear are going to get a shock when they get their tax assessment for 2004/05.
Sources: ACL Cathay Pacific Airways Forum
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