Individual wage income tax is calculated as follows:
First, the application for personal income tax on wages and salaries is now implemented: cumulative withholding method, which is based on the cumulative income from 1 month to the current month, minus the cumulative tax-free income, cumulative expenses deduction (5000× months), cumulative special deduction, cumulative special additional deduction and other deductions determined according to law, as taxable income, and the cumulative withholding tax amount is calculated according to the corresponding tax rate, minus the cumulative prepaid tax amount in the previous month.
Second, the personal income tax calculation formula
The calculation formula of individual tax on wages is: tax payable = (income from wages and salaries-"five insurances and one fund"-deductions-related special additional deductions) × applicable tax rate-quick deduction.
Third, for example:
Suppose that the salary income of an employee 1 month is 16000 yuan, and the salary income in February is 2 1000 yuan. If the employee has a fixed monthly deduction of 3000 yuan for housing loan interest and special deduction for supporting the elderly, and the employee's monthly three insurances and one gold is 1000 yuan, then/kloc-
1, 1 monthly salary should be withheld and the withholding tax is: (16000-5000-1000-3000) × 3% = 210 yuan.
2.1-The withholding tax on the accumulated salary in February is: (16000+21000-5000× 2-1000× 2-3000× 2) × 3% = 570 yuan.
3. Deduct the withholding tax from 1 month salary, and the withholding tax from February salary is: 570-2 10=360 yuan.
Fourth, from the above, you can see that the combined declaration of wages for two months will not lead to overpayment or underpayment.
Fifth, the tax rate table:
Sixth, relevant policies
On 20/812.20, State Taxation Administration of The People's Republic of China issued the Announcement on Several Issues Concerning the Convergence of Collection and Management in the Full Implementation of the New Individual Income Tax Law. For the issue of paying taxes on wages and salary income that the working class is most concerned about, withholding agents will still withhold taxes when paying wages and salary income to individual residents in the future, and all employees will apply for full withholding declaration on a monthly basis.
The newly revised Individual Income Tax Law of the People's Republic of China will come into effect from next year 1 month 1 day. Yesterday, State Taxation Administration of The People's Republic of China announced the calculation method of withholding and prepaying personal income tax from wages, salaries, labor remuneration, royalties after the full implementation of the new personal income tax law. Among them, it is clear that the personal income tax on wages and salaries of individual residents is withheld and paid in advance by cumulative withholding method; Personal income tax on income from remuneration for labor services, royalties and royalties shall be withheld and paid in advance by basically shifting the existing provisions.
State Administration of Taxation (SAT)
Announcement on some issues concerning the convergence of collection and management in the full implementation of the new individual income tax law
In order to implement the newly revised Individual Income Tax Law of the People's Republic of China (hereinafter referred to as the "new individual income tax law"), the calculation method of withholding agent's withholding personal income tax on residents' personal wages, salary income, labor remuneration income, royalties income after the full implementation of the new individual income tax law is announced as follows:
First, the resident individual withholding prepayment method
When withholding agents pay wages, salaries, labor remuneration, royalties to individual residents, they shall withhold personal income tax in advance according to the following methods, and submit the Declaration Form for Withholding Personal Income Tax to the competent tax authorities (see Annex 1). If the annual withholding tax amount is inconsistent with the annual payable tax amount, individual residents shall go through the annual final settlement of comprehensive income with the competent tax authorities from March/KLOC-0 to June 30 of the following year, and the tax will be refunded more and supplemented less.
(1) When withholding agents pay income from wages and salaries to individual residents, they shall calculate the withholding tax according to the cumulative withholding method, and make a monthly declaration for full withholding of all employees. The specific calculation formula is as follows:
Withholding tax amount in current period = (cumulative withholding taxable income × withholding rate-quick deduction)-cumulative tax relief-cumulative withholding tax amount.
Accumulated withholding taxable income = accumulated income-accumulated tax-free income-accumulated expenses deduction-accumulated special deduction-accumulated special additional deduction-accumulated other deductions determined according to law.
Among them, the cumulative deduction of expenses is calculated by multiplying 5,000 yuan/month by the number of months of the taxpayer's employment in this unit from the current year to this month.
In the above formula, the withholding rate and quick deduction of withholding tax on personal wages and salaries of residents shall be calculated according to Table 1 of Personal Income Tax Withholding Rate (see Annex 2).
(2) Withholding agents shall withhold and pay personal income tax in advance on a monthly or monthly basis for income from remuneration for labor services, royalties and royalties paid to individual residents. The specific withholding and prepayment methods are as follows:
Income from remuneration for labor services, remuneration for manuscripts and royalties shall be the balance of income after deducting expenses. Among them, the amount of income from remuneration is reduced by 70%.
Deduction of expenses: if the income from labor remuneration, royalties and royalties does not exceed 4,000 yuan each time, the deduction of expenses shall be calculated as 800 yuan; If the income is more than 4,000 yuan each time, the deduction of expenses shall be calculated at 20%.
Taxable income: income from labor remuneration, remuneration for manuscripts and royalties, with the amount of each income as the withholding taxable income in advance. The excess progressive withholding rate of 20% to 40% shall apply to the income from remuneration for labor services (see Appendix 2 "Personal Income Tax Withholding Rate Table 2"), and the proportional withholding rate of 20% shall apply to the income from remuneration for manuscripts and royalties.
Withholding tax on income from labor remuneration = withholding taxable income × withholding rate-quick deduction
Income from royalties and royalties shall be subject to withholding tax = withholding taxable income ×20%.
Second, the withholding method of non-resident individuals
When withholding agents pay non-resident individuals income from wages, salaries, remuneration for labor services, remuneration for manuscripts and royalties, they shall withhold and remit individual income tax on a monthly or quarterly basis according to the following methods:
For the income from wages and salaries of non-resident individuals, the taxable income shall be the balance after deducting expenses of 5,000 yuan from the monthly income; Income from remuneration for labor services, remuneration for manuscripts and royalties shall be taxable, and the taxable amount shall be calculated by applying the monthly tax rate table for non-resident individuals after monthly conversion (see Appendix 2, Table 3 of Individual Income Tax Rate). Among them, the income from labor remuneration, royalties and royalties is the balance of income minus 20% of expenses. The amount of income from remuneration shall be reduced by 70%.
Income from wages and salaries of non-resident individuals, income from remuneration for labor services, income from royalties and royalties = taxable income × tax rate-quick deduction.
This announcement shall come into force as of 20 19 1 month 1 day.
It is hereby announced.