Personal income tax related to commercial health insurance can be reduced or exempted.
First of all, let's learn the basics of commercial health insurance. Commercial health insurance is an insurance product that takes the physical condition of the insured as the insurance subject, and pays certain insurance money according to the contract when the insured is injured due to illness or accident. Commercial health insurance is divided into medical insurance, income security insurance and long-term care insurance. At present, the main preferential tax policies are sickness insurance and medical insurance.
The circular stipulates that from July 7, 2007 to July 7, 2065438, individuals who purchase commercial health insurance products that meet the preferential tax policies can get pre-tax tax reduction, with the standard of 2400 yuan/year (200 yuan/month). If the company buys for employees, it is also regarded as an individual purchase, and the tax reduction standard is the same, which is also 2400 yuan/year (200 yuan/month).
Examples are as follows: Wang insured a commercial health insurance that conforms to the preferential tax policy, with an amount of 2,000 yuan, which can be deducted before tax; Li has insured a commercial health insurance that conforms to the preferential tax policies, totaling 4,000 yuan, which can be deducted 2,400 yuan before tax;
So which taxpayers are suitable for this preferential tax policy for benefiting the people? Individuals who have obtained income from the production and operation of individual industrial and commercial households, investors of sole proprietorship enterprises, income from wages and salaries, income from continuous labor remuneration (referring to individuals who have continuously provided labor services for the same unit for more than three months), owners of individual industrial and commercial households who have obtained income from contracted leasing operations of enterprises and institutions, partners of partnership enterprises and contracted leasing operators can all enjoy this policy of benefiting the people.
The above is all the introduction of this article, hoping to help those in need. Finally, I remind you that individuals who purchase commercial health insurance products that meet the preferential tax policies and fail to renew their insurance coverage after the expiration of the insurance period should notify the withholding agent to terminate the pre-tax deduction in the month of surrender or non-renewal. So if you buy the wrong insurance, do you want to surrender it? If you surrender, why don't you lose money? Can I return the wrong insurance? How much can I refund if I surrender? How to surrender in full?
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The CIRC will guide individual health insurance companies to operate in compliance.
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