First, understand the basic framework of individual income tax.
Personal income tax is a tax system that taxes personal income. Its collection principle follows the way of "grading according to income", that is, the higher the income, the higher the tax rate. The collection of personal income tax not only helps to adjust the distribution of social income and promote fairness, but also is an important source of national fiscal revenue.
Second, the factors influencing the pre-tax deduction standard of wages in Shenzhen
The pre-tax wage deduction standard in Shenzhen is influenced by many factors, including but not limited to national tax policy, local economic development, price level, etc. Therefore, the tax deduction standard may be adjusted every year to better meet the needs of social and economic development.
Third, the calculation method of pre-tax deduction standard for wages in Shenzhen
The calculation of pre-tax deduction standard for wages in Shenzhen is mainly based on personal monthly income. Generally speaking, after deducting a certain amount of tax exemption from monthly income, the rest will be calculated progressively according to different tax rates. The specific tax rate and quick deduction will vary according to different income segments.
In addition, there may be additional tax provisions for some special income, such as bonuses and allowances. Therefore, when individuals declare personal income tax, they should know the relevant regulations in detail to ensure the accuracy and legality of the declaration.
Fourth, pay attention to the latest policy changes.
As the tax policy may be adjusted with the national economic development and social needs, individuals should pay close attention to the latest policies issued by the State Taxation Administration of The People's Republic of China and Shenzhen tax bureaus in time to understand the latest tax deduction standards and related regulations.
To sum up:
Shenzhen pre-tax wage deduction standard 2024 will be formulated and adjusted according to the national tax policy and the actual situation in Shenzhen. Individuals should understand the basic framework and calculation method of individual income tax and pay attention to the latest policy changes to ensure that their tax returns meet the requirements of laws and regulations.
Legal basis:
Individual Income Tax Law of the People's Republic of China
Article 3 provides that:
Personal income tax rate:
(1) For comprehensive income, the excess progressive tax rate of 3% to 45% is applicable (the tax rate table is attached);
(2) For operating income, the excess progressive tax rate of 5% to 35% shall apply (the tax rate table is attached);
(3) Income from interest, dividends and bonuses, income from property leasing, income from property transfer and accidental income shall be subject to the proportional tax rate of 20%.
individual income tax law of the people's republic of china rules for its implementation
Article 2 provides that:
Individuals with domicile in China mentioned in the first paragraph of Article 1 of the Tax Law refer to individuals who habitually reside in China for reasons such as household registration, family and economic interests.