Current location - Loan Platform Complete Network - Local tax - Do I need to pay taxes on wages paid by my employer?
Do I need to pay taxes on wages paid by my employer?

The company does not need to pay taxes when it pays wages to employees. However, if the employee’s salary exceeds the threshold for personal income tax, the employee must pay personal income tax. Normally, the part exceeding 5,000 yuan will be taxed. To start paying tax, you have to pay 5,000 to 8,000, and 10% for the amount above 3,000 to 8,000. Please refer to local regulations for specific details.

1. The operation process of personal income tax declaration

Now, if your salary reaches more than 5,000, you need to pay personal income tax, so its declaration process is relatively simple, including Register a personal account, select the items to declare, and then fill in the declaration information, and the tax payment will be completed. When filling in the declaration information, you cannot fill in the wrong information, otherwise it is likely to fail. It should be noted that the current new personal tax supports multiple ways of tax declaration operations. For example, you can declare online, or you can go directly to the counter of the tax department. If you are very far away, you can also file your tax declaration by mail. declare. So it can meet the needs of different people. Personal income tax is an obligation that every citizen should fulfill, so we must pay relevant taxes and fees on time and cannot evade taxes.

2. The benefits of paying personal income tax

As society develops faster and faster, the proportion of many people’s funds is increasing, so they need to pay personal income tax and paying personal income tax is also There are many benefits. First of all, it can be used directly as proof of your income. It will definitely be very convenient if you want to borrow money in the future. It can also increase the loan amount to a certain extent to pay personal income tax, and can also prevent hidden income. For example, if you want to In the event of divorce, child support issues can be determined based on the amount of personal income tax paid. The most important benefit of paying personal income tax is that you can prove your financial level. If you want to apply for a study visa in the future, you will definitely need these materials, and you will also need these materials to apply for a residence permit.

To sum up, paying personal income tax is an obligation that every citizen should fulfill, and there are many benefits of paying personal income tax, such as serving as proof of one's financial resources.