How to deal with the accounting of individual tax on wages and salaries of enterprises?
When paying wages:
Debit: Payables-Wages
Loan: Other Payables-Personal Provident Fund
Other payables-personal social insurance premium
Taxes payable-personal income tax
bank deposit
Pay after declaring personal income tax:
Borrow: Taxes payable-personal income tax
Loan: bank deposit
Income from wages and salaries refers to wages, salaries, bonuses, year-end salary increase, labor dividends, allowances, subsidies and other income related to employment or employment.
Personal income tax is the general name of legal norms that adjust the social relations between tax authorities and natural persons (residents and non-residents) in the process of collection and management of personal income tax. Taxpayers of individual income tax include both resident taxpayers and non-resident taxpayers Resident taxpayers have the obligation to pay taxes completely, and must pay individual income tax on all their income derived from inside and outside China.
Calculation method of individual tax on wages and salaries
1, the calculation formula of wage tax is: tax payable = (wage and salary income-"five insurances and one gold"-deduction) × applicable tax rate-quick deduction. individual
2. The tax exemption amount is 5000, and the calculation method of using the excess progressive tax rate is as follows:
(1) tax payment = monthly taxable income * tax rate-quick deduction;
(2) actual salary = payable salary-five insurances and one gold-tax payment;
(3) Monthly taxable income = (salary payable-five insurances and one gold) -5000.