First, how to tax the employee's year-end bonus?
Calculation method of year-end bonus personal income tax:
1. When the monthly salary of the year-end bonus is higher than 5,000 yuan, the pre-tax deduction method of the year-end bonus is: year-end bonus multiplied by the tax rate-quick deduction, and the tax rate is/12 as the corresponding tax rate of "taxable income".
2. When the monthly salary is less than 5000 yuan, the year-end bonus personal income tax = (year-end bonus -(5000- monthly salary)) multiplied by the tax rate-quick deduction, and the tax rate is year-end bonus -(5000- monthly salary) divided by 12 as the corresponding tax rate of "taxable income".
Due to the different forms of year-end bonus issued by the unit to employees, the calculation method of personal income tax is also different:
1. If the employee's monthly salary exceeds 5,000 yuan, the year-end bonus will be calculated and paid separately as one month's salary.
When the annual one-time bonus is calculated separately on a monthly basis, the tax rate is calculated by dividing it by 12, but when calculating the tax amount, the quick deduction is only allowed once.
2. The employee's monthly salary does not exceed 5,000 yuan, and the year-end bonus is calculated and paid separately as one month's salary.
However, the balance of the annual one-time bonus after deducting the "difference after deducting expenses from the employee's monthly salary" can be regarded as taxable income. Among them, "wage income of employees in the current month" is the amount of income after deducting tax-free income (such as social insurance and housing provident fund paid according to regulations).
3. Employees who work in more than two units within one year can only use the year-end bonus tax calculation method of each taxpayer once in each tax year according to the provisions of the national tax issuance document, and taxpayers can freely choose the time and payment unit to calculate the tax calculation method.
Legal basis:
Calculation of taxable income in Article 6 of the Individual Income Tax Law of People's Republic of China (PRC);
(1) For the comprehensive income of individual residents, the taxable income shall be the income after deducting expenses of 60,000 yuan, special additional deductions and other deductions determined according to law.
(2) For the income from wages and salaries of non-resident individuals, the taxable income shall be the balance of monthly income after deducting expenses of 5,000 yuan; Income from labor remuneration, royalties and royalties shall be taxed.
(3) For operating income, the taxable income shall be the balance of the total income in each tax year after deducting costs, expenses and losses.
(four) if the income from property leasing does not exceed 4,000 yuan each time, the 800 yuan shall be deducted; If it exceeds 4,000 yuan, 20% of the expenses will be deducted, and the balance will be taxable income.
For income from property transfer, the taxable income shall be the balance of the income from property transfer after deducting the original value of the property and reasonable expenses.
(6) Interest, dividends, bonus income and contingent income shall be limited to the taxable income each time. Income from remuneration for labor services, remuneration for manuscripts and royalties shall be the balance after deducting expenses. The amount of remuneration should be reduced by 70%. Individuals donate their income to public welfare charities such as education, poverty alleviation and poverty alleviation, and the part of the donation that does not exceed 30% of the taxable income declared by taxpayers can be deducted from their taxable income; If the State Council stipulates that donations to charity should be fully deducted before tax, such provisions shall prevail. The special deduction specified in item 1 of the first paragraph of this article includes social insurance premiums such as basic old-age insurance, basic medical insurance, unemployment insurance and housing accumulation fund paid by individual residents in accordance with the scope and standards prescribed by the state; Special additional deductions include children's education, continuing education, medical treatment for serious illness, housing loan interest or housing rent, support for the elderly and other expenses. The specific scope, standards and implementation steps are determined by the State Council and reported to the NPC Standing Committee for the record.