How to calculate personal income tax ? Many netizens don’t know how to calculate personal income tax this year. Let’s take a look at the calculation method of personal income tax.
The calculation formula for salary personal tax is tax payable = (wage and salary income - "five insurances and one housing fund" - number of deductions) × applicable tax rate - number of quick calculation deductions.
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.
The tax proportion of personal income tax usually depends on the different types of personal income, that is, it must be divided into salary and salary personal income, and the payment of personal income tax must be applied to the 7-level progressive tax rate, which is calculated and levied based on the monthly taxable income. The tax is divided into levels according to the individual's monthly salary and salary taxable income. The maximum level is 45% and the minimum level is 3%, with a total of 7 levels. Therefore, when employees pay personal income tax, they must pay the corresponding tax items according to their own personal income differences.
1. If the salary range is between 1-5,000 yuan, including 5,000 yuan, the applicable personal income tax rate is 0%.
2. If the salary range is between 5,000-8,000 yuan, including 8,000 yuan, the applicable personal income tax rate is 3%.
3. If the salary range is between 8,000 yuan and 17,000 yuan, including 17,000 yuan, the applicable personal income tax rate is 10%.
4. If the salary range is between 17,000 yuan and 30,000 yuan, including 30,000 yuan, the applicable personal income tax rate is 20%.
5. If the salary range is between 30,000 yuan and 40,000 yuan, including 40,000 yuan, the applicable personal income tax rate is 25%.
6. If the salary range is between 40,000 yuan and 60,000 yuan, including 60,000 yuan, the applicable personal income tax rate is 30%.
7. If the salary range is between 60,000 yuan and 85,000 yuan, including 85,000 yuan, the applicable personal income tax rate is 35%.
8. If the salary range is more than 85,000 yuan, the applicable personal income tax rate is 45%.
The scope of personal income tax collection: 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 royalties; income from royalties; income from interest, dividends, and bonuses; and property Income from leasing; income from property transfer; incidental income; and other income taxable as determined by the financial department of the State Council.