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As can be seen in life, personal income tax is closely related to our lives. In order to improve the tax system and better carry out tax reform, the state has formulated the tax system of personal income tax. So, what is the threshold standard for personal income tax? The editor of the website below will explain it in detail for you. I hope it will be helpful to you. Personal income tax threshold Personal income tax is a type of income tax levied on various incomes obtained by individuals (natural persons). The personal income tax threshold refers to the tax system formulated by the state in order to improve the tax system and better carry out tax reform. Personal income tax calculation formula The calculation method for personal income tax. The starting point for personal income tax is currently 5,000 yuan. The calculation method using the excess progressive tax rate is as follows: Tax payment = taxable income for the whole month * tax rate - quick calculation deduction for the whole month tax payable Income = (wages payable - four golds) - 5,000 Actual wages = wages payable - four golds - tax deduction standards: The Standing Committee of the National People's Congress voted to adopt a decision on amending the Personal Income Tax Law, based on full consideration of public opinion. On the previous day, the exemption amount of personal income tax payable on wages and salaries was increased from 2,000 yuan to 5,000 yuan. There is currently no decision on the increase. Scope of personal income tax collection: including income from wages and salaries; income from production and operation of individual industrial and commercial households; income from contracting and leasing operations of enterprises and institutions; income from labor remuneration; income from author remuneration; income from royalties; income from interest, dividends, and bonuses; Income from property leasing; income from property transfer; incidental income; and other income taxable as determined by the financial department of the State Council. Which income is not subject to personal income tax? 1. Subsidies and allowances issued in accordance with unified national regulations. The "Implementation Regulations of the Individual Income Tax Law of the People's Republic of China" stipulates that subsidies and allowances issued in accordance with unified national regulations refer to subsidies and allowances issued in accordance with the regulations of the State Council. Special government allowances, academician allowances, senior academician allowances, and other subsidies and allowances exempted from personal income tax stipulated by the State Council. 2. Personal welfare fees The "Personal Income Tax Law" stipulates that welfare fees are exempt from personal income tax. Among them, welfare fees that exceed the proportion or base prescribed by the state, and various subsidies and subsidies paid to individuals in trade union funds are not within the scope of tax-free welfare fees and should be levied personal income tax. 3. Only child subsidies and child care subsidies. According to the "Notice of the State Administration of Taxation on Issuing the Provisions on Several Issues in the Collection of Personal Income Tax", individuals receive only child subsidies and child care subsidies in accordance with the prescribed standards, and no personal income tax is levied. However, the portion exceeding the prescribed standards shall be incorporated into the company's salary income. 4. Travel expense allowance According to the "Announcement of the State Administration of Taxation on Issuing the Provisions on Certain Issues in the Collection of Personal Income Tax", "travel expense allowance" is not a subsidy or allowance of a wage or salary nature or is not an item of income from the taxpayer's own wages or salary. Income is not subject to personal income tax. 5. Dividends and bonuses of listed companies. According to the "Notice on Differentiated Personal Income Tax Policies for Listed Companies' Dividends and Bonuses and Other Relevant Issues", dividends and bonus income are temporarily exempted from listed company stocks obtained by individuals from the public issuance transfer market and the holding period exceeds 1 year. Collect personal tax. 6. "Five insurances and one fund" "Notice of the Ministry of Finance and the State Administration of Taxation on Personal Income Tax Policies on Basic Pension Insurance Premiums, Basic Medical Insurance Premiums, Unemployment Insurance Premiums, and Housing Provident Funds" stipulates that enterprises and institutions shall comply with the national or provincial (autonomous region) Basic medical insurance premiums and unemployment insurance premiums actually paid according to the payment ratios or methods prescribed by the people's governments of municipalities directly under the Central Government are allowed to be deducted from the individual's taxable income. Housing provident funds actually paid by units and individuals within a range that does not exceed 12% of the employee's average monthly salary in the previous year are allowed to be deducted from the individual's taxable income. 7. Individual donation According to Article 24 of the "Regulations on the Implementation of the Individual Income Tax Law", the donation of income by individuals to education and other public welfare undertakings refers to the donation of income by individuals to education through social groups and state agencies in China. For donations to other social welfare undertakings, areas hit by severe natural disasters, and poverty-stricken areas, the portion of the donation that does not exceed 30% of the taxable income declared by the taxpayer can be deducted from the taxable income. The above is the main content of the "Threshold Standards for Personal Income Tax" and related legal knowledge introduced to you by the editor. Understanding the legal knowledge related to personal income tax can help protect your own interests. We hope our article can give you some help when you are confused. If you have any questions, please go online for legal consultation.