The calculation method of personal income tax in Wenzhou is the same as that in the whole country. According to the newly revised Individual Income Tax Law of People's Republic of China (PRC) (202 1), the applicable tax rate is divided into seven grades, namely 3%, 10%, 20%, 25%, 30%, 35% and 45%. Pre-tax deduction includes children's education, continuing education, housing loan interest, rent, etc. In addition, since 2002 1,1and1,individuals can deduct special additional deductions from their comprehensive income according to law, including children's education, continuing education, serious illness medical care, housing rent, and support for the elderly. For Wenzhou taxpayers, the annual threshold is 60,000 yuan, and the part below the threshold is exempt from personal income tax. If the individual's annual income is 80,000 yuan, 40,000 yuan can be deducted from the income (threshold+special additional deduction), and then calculated according to the applicable tax rate, and finally the taxable amount can be obtained. It should be noted that personal income tax is calculated and paid according to the income of the current year and needs to be paid monthly.
How to declare personal income tax? Individuals can apply for declaration on the "Personal Income Tax APP" opened by Wenzhou State Taxation Bureau; You can also go to the online tax service hall, the self-service tax terminal or the window of the local tax department.
Personal income tax is a tax that every taxpayer has to pay. The calculation method of personal income tax in Wenzhou is the same as that in the whole country. Pre-tax deductions include children's education, continuing education, housing loan interest, etc. And the annual threshold is 60,000 yuan. Individuals can apply for personal income tax declaration in various ways, abide by the provisions of the tax law and pay the tax payable in time.
Legal basis:
Article 6 of the Individual Income Tax Law of People's Republic of China (PRC), if a taxpayer calculates and declares individual income tax by himself, he shall submit the tax return form and relevant supporting materials to the tax authorities, pay the tax payable, and submit the income and tax information within the prescribed time limit.