The effective date of the revision of individual income tax law is 20 19 1. Before 20 18 12 3 1, the 201version of the individual income tax law is still applicable. It should be noted that after 65438+ 10/month 1, due to the implementation of the latest threshold and tax rate, the new fee standard and new tax rate table of 5,000 yuan are applicable. The specific calculation method is to divide the year-end bonus amount by 12 months, determine the tax rate and quick deduction with the monthly average value, and then calculate according to the formula. Calculation formula: Taxable amount = taxable income (i.e. total year-end bonus) × applicable tax rate-quick deduction.
Second, how to deduct the special tax?
The special additional deduction for individual tax is the additional tax allowance based on the basic deduction standard of 5,000 yuan per month plus the five insurance and one gold tax allowance plus other deductions determined according to law.
In other words, social security is deducted from the monthly income, and then these special deductions are deducted, and then the remaining amount is taxed.
Special deduction expenses mainly include children's education expenses, continuing education expenses, serious illness medical expenses, housing loan interest, housing rent and expenses for supporting the elderly.
Three, the new tax deduction method
The cumulative withholding method is mainly a method to determine the current taxable amount by subtracting the corresponding deduction from the cumulative income of each month, calculating the cumulative taxable amount against the comprehensive income tax rate table, and then subtracting the paid tax. Accumulated withholding taxable income = accumulated income-accumulated tax-free income-accumulated expense deduction-accumulated special deduction-accumulated special additional deduction-accumulated other deductions determined according to law. Among them, the accumulated deduction fee is calculated by multiplying 5000 yuan/month by the number of months the taxpayer has been employed in this unit this year as of this month.