1. What is the company's year-end bonus?
The company's year-end bonus is generally between 1. 1-2 times the monthly salary, and there is no legal standard. The year-end bonus refers to the uncapped reward given to employees by enterprises at the end of each year, which is an affirmation of the work performance in the past year.
The amount and form of the year-end bonus are generally adjusted by the enterprise according to the situation. The year-end bonus needs to be taxed, and the calculation method of the year-end bonus tax proportion is as follows:
1. Year-end bonus personal income tax = Year-end bonus * tax rate-the employee's after-tax salary in the current month is more than 5,000 yuan per hour. The tax rate is year-end bonus/12, and the corresponding tax rate is "taxable income".
2. When the employee's after-tax salary in the current month does not exceed 5000 yuan, the year-end bonus personal income tax = (year-end bonus-(after-tax salary 5000))* tax rate-quick deduction, and the tax rate is ((year-end bonus-(after-tax salary 5000))/ 12) as the corresponding tax rate of "taxable income".
Second, the year-end bonus tax considerations
Reminder: Pay attention to the following items when paying taxes for year-end awards:
1. For units that implement annual salary system and performance pay, individuals will get annual salary and performance pay cashed at the end of the year, and personal income tax will be calculated and paid according to the tax calculation method of one-time bonus for the whole year.
2. In a tax year, each taxpayer is only allowed to pay taxes by issuing the year-end bonus once a month. Therefore, the year-end bonus obtained by employees from another company is merged into the salary and salary items of the current month to calculate tax payment.
3. The one-time bonus paid by the employer to employees every year, and part of personal income tax is paid, which belongs to employees and increases their income. This part of the tax paid by the employer shall be incorporated into the annual one-time bonus of employees, converted into taxable income, and personal income tax shall be levied according to the prescribed methods.
4. The unit sells houses to employees at a price lower than the purchase or construction cost. The difference between employees and employees is the taxable income of personal income tax, and the personal income tax is calculated and paid according to the taxation method of "salary and salary income".
3. Does the year-end bonus have to be a year?
The year-end bonus is unnecessary for one year. According to Article 46 of the Labor Law: "Wage distribution should follow the principle of distribution according to work and implement equal pay for equal work." That is to say, as long as the year-end bonus is agreed in the labor contract or the employer has formulated specific measures for issuing the year-end bonus, and the employees who have been in the new unit for less than one year have indeed paid the corresponding labor, the employer must issue the year-end bonus to them according to the agreement or proportion.