Personal income tax is calculated according to the following formula and deduction standard

1. Calculation formula of personal income tax:

(1) Personal income tax payable on comprehensive income = should Taxable income Accumulated deductions? - Cumulative special additional deductions) Yuan)

(2) Personal income tax payable on business income = taxable income x tax rate

2. Personal income tax deduction standards:

(1) Residents The comprehensive income of an individual is the taxable income, which is the balance after deducting RMB 60,000 in expenses, special deductions, special additional deductions and other deductions determined in accordance with the law from the income in each tax year.

Special deductions include basic pension insurance, basic medical insurance, unemployment insurance and other social insurance premiums and housing provident funds paid by individual residents in accordance with the prescribed scope and standards;

Special additional deductions It includes seven items: children’s education, care for infants and young children under 3 years old, continuing education, serious illness medical treatment, housing loan interest, housing rent, and support for the elderly.

1. Children’s education: 1,000 yuan per child per month. Taxpayers whose children receive full-time academic education and preschool education (Explanation: Preschool education refers to education from the age of 3 to primary school. Full-time academic education includes: primary school and junior high school education, general high school/secondary vocational/technical education, and university Junior college/undergraduate/master’s degree/doctoral student)

2. Special additional personal income tax deduction for the care of infants and young children under 3 years old: The taxpayer’s expenses related to caring for infants and young children under 3 years old shall be calculated on a per-year basis for each infant and child. Standard deduction of RMB 1,000 per month. Each child has a monthly deduction of 1,000 yuan, and either each parent can deduct 50 yuan, or one parent can deduct 100 yuan.

3. Continuing education: 400 yuan per month. Taxpayers who receive continuing education for academic qualifications (degrees); taxpayers who receive continuing education for professional qualifications of skilled personnel and professional and technical personnel. 400 yuan per month for continuing academic education (the deduction period for the same academic qualification/degree shall not exceed 48 months). You can choose to deduct it by yourself or by your parents; for skilled personnel and professional and technical personnel, 3,600 yuan will be deducted in the year when they obtain the professional qualification certificate.

4. Medical treatment for serious illnesses: The annual limit is 80,000 yuan. Taxpayers whose medical expenses related to basic medical insurance, after deducting medical insurance reimbursement, have a personal burden (the self-pay part within the scope of the medical insurance catalog) totaling more than 15,000 yuan. The annual limit is 80,000 yuan, which can be deducted by the person or his spouse; the medical expenses of minor children are deducted by one parent.

5. Housing loan interest: 1,000 yuan per month. Taxpayers who pay interest on a first home loan. 1,000 yuan per month, the deduction period shall not exceed 240 months (in the year in which loan interest occurs).

6. Housing rent: 800-500 yuan per month. Taxpayers who do not own their own homes in the city where they work and incur rental expenses. 1,500 yuan per month for municipalities, provincial capitals, cities under separate state planning and other cities determined by the State Council; 1,100 yuan per month for cities with a registered population of more than 1 million in municipal districts; 800 yuan per month for cities with a registered population of less than 1 million in municipal districts.

7. Supporting the elderly: 2,000 yuan per month. Taxpayers who support one or more parents who are over 60 years old, as well as grandparents who are over 60 years old and whose children are deceased. The monthly deduction for an only child is 2,000 yuan; the monthly deduction for non-only children and siblings is 2,000 yuan, with each person not exceeding 1,000 yuan per month.

8. Personal pension deduction.

When individuals make contributions to personal pension fund accounts, they will be deducted from comprehensive income or business income according to the limit standard of 12,000 yuan per year; in the investment process, personal income tax will not be levied on the investment income included in the personal pension fund account for the time being. ; During the collection process, the personal pension received by an individual is not incorporated into the comprehensive income, and the personal income tax is calculated and paid separately at a tax rate of 3, and the tax paid is included in the "wage and salary income" item. .

(2) For wages and salaries of non-resident individuals, the balance after deducting RMB 5,000 in expenses from the monthly income shall be the taxable income; income from remuneration for services, income from author remuneration, and royalties Income, the amount of each income is the taxable income.

(3) Business income shall be the taxable income after deducting costs, expenses and losses from the total income in each tax year.

(4) If the income from property leasing does not exceed 4,000 yuan per time, 800 yuan of expenses will be deducted; if the income exceeds 4,000 yuan, 20% of the expenses will be deducted, and the balance will be Taxable income.

(5) For income from property transfer, the taxable income shall be the balance of the income from the transferred property minus the original value of the property and reasonable expenses.

(6) For interest, dividends, bonus income and incidental income, the amount of each income shall be the taxable income.

Income from labor remuneration, author remuneration, and royalties shall be the balance after deducting 20% ??of the expenses. The amount of income from royalties is calculated at a reduced rate of 70%.

Individuals who donate their income to education, poverty alleviation, relief and other public welfare charities, and the donation amount does not exceed 30% of the taxable income declared by the taxpayer, can be deducted from their taxable income. If the State Council stipulates that donations to public welfare charities should be deducted in full before tax, such provisions shall prevail.