How to calculate personal income tax for wages and salaries
1. Calculation of tax payable:
According to the provisions of Article 6 of the Individual Income Tax Law, the comprehensive income of individual residents, after deducting expenses of 60,000 yuan from the income of each tax year, and the balance after special additional deduction, special additional deduction and other deductions determined according to law, is taxable income.
2. Personal income tax rate for wage income:
According to the provisions of Article 3 of the Individual Income Tax Law, the individual income tax rate for wage income is subject to an excessive progressive tax rate of 3% to 45%.
How to calculate wages and pay personal income tax
Personal salary taxable income = monthly income -5000 yuan (threshold)-special deduction (five insurances and one gold, etc. )-special additional deduction-other deductions determined according to law.
How to calculate personal income tax for working wages?
The calculation formula of individual tax on wage income is: tax payable = (wage and salary income-"five insurances and one gold"-deduction) applicable tax rate-quick deduction. The tax exemption is 5,000, and the calculation method using the excessive progressive tax rate is as follows: tax amount = taxable income for the whole month * tax rate-quick deduction. Actual salary = salary payable-hardware-tax payment.
How to calculate the personal income tax on salary of 8000?
Personal income tax payable = (monthly income after deducting insurance premiums and other items-basic deduction expenses) * applicable tax rate-quick deduction. Calculation method: 8000-5000=3000 yuan, 3000*3%=90 yuan.
How to calculate the personal income tax on wages?
The calculation method of individual tax is as follows: taxable income = wage income-various social insurance premiums-threshold (5,000 yuan) taxable amount = taxable income x tax rate-quick deduction "Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance on the application of personal income tax deduction fees and tax rates in the fourth quarter of 20 18" Article 1, the application of deduction items and tax rates for wages and salaries to taxpayers 20/ After kloc-0/8 10 1 (inclusive), the expenses shall be deducted uniformly at RMB 5,000/month, and the taxable amount shall be calculated according to the Personal Income Tax Rate Table 1 attached to this notice. The actual income from wages and salaries earned by taxpayers before September 30, 2008 (inclusive) shall be deducted according to the provisions before the revision of the tax law.
Article 2 of the Individual Income Tax Law stipulates that individual income tax shall be paid for the following personal income:
(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 income tax shall be calculated on a consolidated basis in the tax year in which individual residents obtain income from items 1 to 4 of the preceding paragraph; 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.
Personal income tax calculation method and matters needing attention:
The calculation method of individual income tax shall be implemented in accordance with the provisions of the tax law and related policies. Firstly, the taxable income is determined, that is, the amount of wage income after deducting various deductions stipulated in the individual income tax law. Secondly, the applicable tax rate is determined according to the applicable tax rate table, and the personal income tax payable is calculated. It should be noted that different income levels apply different tax rates, and factors such as pre-tax deduction and pre-tax exemption should also be considered. In addition, individuals should also pay attention to the tax threshold and preferential tax policies to minimize the personal income tax burden. When calculating personal income tax, it is recommended to consult a professional tax agency or lawyer to ensure compliance with relevant laws and regulations and reasonable and legal tax declaration.
Legal basis:
Enterprise Income Tax Law of People's Republic of China (PRC) (revised 20 18);
Chapter IV Tax Preferences
Article 30 The following expenses of an enterprise may be added and deducted when calculating the taxable income:
(a) research and development expenses incurred in the development of new technologies, new products and new processes;
(two) the wages paid by the disabled and other employed persons encouraged by the state.