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Home > Salary > Dragon Air
Dragon Air
Professional Pilots - Salary
Monday, 26 November 2007 00:13

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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