The tax rate is the proportion or amount of tax levied on the tax object. The tax rate is a measure to calculate the tax amount, and it is also an important symbol to measure whether the tax burden is heavy or not. The current tax rates in China mainly include proportional tax rate, excessive progressive tax rate, excessive progressive tax rate and fixed tax rate.

Tax amount refers to the tax amount payable. According to the provisions of the tax law, calculate the tax payable to the tax authorities.

How to tax various bonuses?

According to the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Adjusting the Measures of Individual Income Tax on Individual Obtaining Annual One-time Bonuses (Guo Shui Fa [2005] No.9), annual bonuses refer to semi-annual bonuses, quarterly bonuses, overtime bonuses, advanced awards, attendance awards and other bonuses except annual one-time bonuses. For this bonus, personal income tax should be paid in accordance with the provisions of the tax law in combination with the salary income of the month.

Example: Xiao Chen, an employee of an enterprise, has a monthly basic salary of 3,000 yuan, an annual advanced employee award of 65,438 yuan+0,000 yuan, a quarterly award of 5,000 yuan, an overtime award of 300 yuan, and an attendance award of 20 12 February of 200 yuan;

From June to February in 5438, the personal income tax payable by Chen Xiao was (3000+1000+5000+300+200-3500) × 20%-555 = 645 yuan.

The person in charge further explained that in a tax year, for each taxpayer, the tax calculation method of year-end one-time bonus is only allowed to be used once, and taxpayers get the income of one-time bonus in different months of the year, and only one of them is allowed to choose the tax calculation method of year-end one-time bonus.

References:

Tax rate-Baidu Encyclopedia