The public method for calculating business income tax for self-employed individuals is as follows:

1. The income from production and operation of individual industrial and commercial households is based on the total income in each tax year, after deducting costs, expenses and losses. The balance is the taxable income;

2. The owner’s expense deduction standard is uniformly determined at 24,000 yuan/year;

3. The employee wage deduction standard is determined by the province, autonomous region, and municipality directly under the Central Government Determined by the tax authorities;

4. Interest expenses on borrowings during the production and operation period, if there is a legal certificate, shall be deducted to an amount not higher than the interest rate of similar loans from financial institutions for the same period;

< p>5. Tax payable = taxable income multiplied by the applicable tax rate - quick deductions = (total annual income - costs, expenses and losses) multiplied by the applicable tax rate - quick deductions;

6 , it is necessary to distinguish between the income from production and operation of individual industrial and commercial households and the income from other aspects;

7. Personal income tax shall be levied on the profits distributed from joint ventures according to the income items of "interest, dividends, and bonuses";

8. Wang, an individual industrial and commercial household, should pay personal income tax based on the royalties earned from writing books while producing and operating.

"Measures for the Calculation of Personal Income Tax for Individual Industrial and Commercial Households"

Article 5

The calculation of the taxable income of individual industrial and commercial households is based on the accrual basis. In principle, income and expenses belonging to the current period, regardless of whether the payment is received or paid, will be regarded as income and expenses for the current period; income and expenses that do not belong to the current period, even if the money has been received and paid in the current period, will not be regarded as income and expenses for the current period. Except as otherwise provided by these Measures and the Ministry of Finance and the State Administration of Taxation.