In practice, the annual salary generally refers to the pre-tax annual salary of 300,000 yuan, and the tax to be paid is calculated as follows:
Taxable amount = taxable income × tax rate-quick deduction
For employees who implement the annual salary system, enterprises still need to pay in advance every month and settle accounts at the end of the year. When the enterprise prepays the employee's salary every month, it will withhold and remit the tax for the employee, and the employer will declare the prepaid tax in the month after the actual salary is obtained. The calculation method of withholding tax is as follows:
Current month withholding tax = cumulative withholding taxable income × applicable withholding tax rate-quick deduction.
Accumulated withholding taxable income = accumulated wage income-accumulated basic expenditure-accumulated special additional deduction (accumulated "three insurances and one gold")-accumulated special additional deduction-accumulated other deductions confirmed according to law.
Wages and salaries belong to the category of comprehensive income. After paying a monthly tax, the comprehensive income will be settled from March/kloc-0 to June 30 of the following year. According to the comprehensive income, the personal income tax payable with an annual salary of 300,000 yuan is calculated as follows:
Taxable amount = taxable income × applicable tax rate-quick deduction-tax relief
Among them, taxable income = total income-60,000-special additional deduction for three insurances and one gold-special additional deduction for children's education-other items that are allowed to be deducted before tax according to law.
"Three insurances and one gold" means social security and housing accumulation fund, and special additional deductions include children's education, serious illness medical care, continuing education, housing rent, housing loan interest, support for the elderly and care for infants under 3 years old.
The annual salary is 300,000, and the total income is 300,000. The special deduction of "three insurances and one gold" and the special additional deduction are different for each taxpayer and cannot be directly determined.
Excluding social security, housing accumulation fund and special additional deduction, the annual salary before tax is 300,000 yuan, and the tax to be paid is: (300,000-60,000 yuan) ×20%- 16920 = 3 1080 yuan.
Then after calculation, 300,000-31080 = 268,920 yuan.
In addition, in actual operation, the annual salary is 300,000 yuan, and the tax to be paid is less than 3 1080 yuan, because the social security part borne by employees, special additional deductions and other eligible deductions are to be deducted.
So the annual salary is 300,000, and the after-tax income is about 270,000.