Taxable income = pre-tax wage income-five insurances and one gold (individual contribution)-threshold (3,500 yuan/month for China citizens and 4,800 yuan/month for foreigners including Hong Kong, Macao and Taiwan).
Taxable amount = taxable income x tax rate-quick deduction.
Taxable income-threshold = 25000-3500 = 21500.
The taxable income of 2 1500 is subject to the tax rate of 25%, so its taxable amount = 21500× 25%-1005 = 4370 yuan.
It is estimated that in the second half of 20 18, the threshold of personal income tax in China will be adjusted from 3,500 yuan to 5,000 yuan. At that time, if the monthly income is 25,000 yuan, the personal income tax paid will be: (25,000-5,000) × 25%-1005 = 3,995 yuan under the premise of unchanged tax rate.
If the tax rate and quick deduction change while the threshold is raised, the taxable amount = taxable income × new tax rate-quick deduction.
personal income tax threshold
The threshold for personal income tax is 5000 yuan per month.
The threshold of personal income tax refers to the tax system formulated by the state in order to improve the tax system and better carry out tax reform. 20 1 1 On April 20th, the 20th meeting of the 11th the National People's Congress Standing Committee (NPCSC) was held, and the personal income tax exemption was proposed to be adjusted to 3,500 yuan. In the middle of June, 20 1 1, the survey showed that 48% of netizens demanded to modify the tax exemption.
20 1 1 On June 30th, the 21st meeting of the 11th the National People's Congress Standing Committee (NPCSC) adopted a decision on amending the Individual Income Tax Law, which came into effect on September 20th 11. 20 1 1 At the beginning of July, Liu Zuo, director of State Taxation Administration of The People's Republic of China Institute of Taxation Science, answered related questions.
On August 3, 20 18, the decision to amend the individual income tax law was passed, and the threshold was 5,000 yuan per month. The latest threshold and tax rate will be implemented on August 20 18 10/day.