Personal income tax payable = taxable income × applicable tax rate-quick deduction
Taxable income = monthly income after deducting three insurances and one gold-deduction standard
In 2022, the tax deduction standard for wages in Shanghai will follow the new tax law promulgated and implemented in 20 18, and the tax threshold will be raised from 3500 yuan to 5000 yuan. The tax deduction rate has different tax deduction standards in different wage income stages; The tax payment is the tax partially calculated after deducting three insurances and one gold and the threshold.
I. Conditions for the collection of individual income tax:
1. Individual housing transfer income tax shall be paid for the sale of non-unique housing by family.
2. If it is the only residence of the family, but the purchase time is less than 5 years, it needs to be paid in the form of tax deposit first. If the house can be repurchased within one year and the property right is obtained, the tax deposit can be refunded in whole or in part. The specific refund amount is 2% of the lower transaction price of the two houses.
3. If the property sold is a non-residential property, individual income tax will be paid under any circumstances. Moreover, in the process of tax collection, the local taxation bureau must also collect the difference of 20% and the amount of personal income tax.
Two, personal income tax refund conditions are as follows:
1, overcharged due to mistakes made by tax officials;
2. Policy changes require tax rebates;
3. Tax refund caused by other reasons;
Legal basis:
Article 2 of the Individual Income Tax Law of People's Republic of China (PRC) shall pay individual income tax:
(1) Income from wages and salaries;
(2) Income from remuneration for labor services;
(3) Income from remuneration;
(4) Income from royalties;
(5) Operating income;
(6) Income from interest, dividends and bonuses;
(7) Income from property lease;
(8) Income from property transfer;
(9) Accidental income.
Individual residents who obtain income from items 1 to 4 of the preceding paragraph (hereinafter referred to as comprehensive income) shall calculate individual income tax according to the tax year; Non-resident individuals who obtain income from items 1 to 4 of the preceding paragraph shall calculate individual income tax on a monthly or itemized basis. Taxpayers who obtain income from items 5 to 9 of the preceding paragraph shall calculate individual income tax separately in accordance with the provisions of this law.