The tax rate and tax starting point are generally determined by the state, so is personal income tax. For personal income tax, the threshold for wages and salaries is generally 5,000 yuan, while for the fruits of wealth, the taxes and fees to be paid are generally higher. Here is a brief introduction to the collection standard of Xuzhou personal income tax. What are the calculation methods?
1. What are the calculation methods of Xuzhou personal income tax collection standard?
Taxable income = monthly income -5000 yuan (tax exemption)-special deduction (three insurances and one gold, etc. )-special additional deduction-other deductions determined according to law.
Payroll tax = taxable income × payroll tax rate
Special additional deductions include: children's education, continuing education, serious illness medical care, housing loan interest, housing rent, and support for the elderly.
Personal income tax rate standard:
1, the salary range is between1-5,000 yuan, including 5,000 yuan, and the applicable personal income tax rate is 0%;
2. If the salary is between 5000 yuan and 8000 yuan, including 8000 yuan, the applicable personal income tax rate is 3%;
3. If the salary is within the range of 8000- 17000 yuan, including 17000 yuan, the applicable personal income tax rate is10%;
4. If the salary is between 17000 yuan and 30000 yuan, including 30000 yuan, the applicable personal income tax rate is 20%;
5. If the salary 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 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 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%.
Second, the calculation method
According to the provisions of the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Adjusting the Method of Calculating Individual Income Tax for Individuals Obtaining Annual One-time Bonuses, individuals who obtain annual one-time bonuses (including year-end salary increase) shall calculate and pay individual income tax in two ways:
(1) If an individual receives a one-time bonus for the whole year, and the salary income of the month in which the bonus is obtained is higher than (or equal to) the expense deduction stipulated in the tax law, the calculation method is as follows: divide the total amount of the one-time bonus for the whole year by 12 months, compare with the item tax rate table of salary income, determine the applicable tax rate and the corresponding quick deduction according to the quotient, and calculate and pay personal income tax.
The calculation formula is:
Personal income tax payable = one-time bonus for the whole year obtained by the individual in the current month × applicable tax rate-quick deduction.
Individual income tax shall be calculated and paid separately according to monthly salary income and annual one-time bonus.
(2) If an individual obtains a one-time bonus for the whole year and the salary income of the month in which the bonus is obtained is lower than the expense deduction stipulated in the tax law, the calculation method is as follows: divide the balance of the one-time bonus for the whole year by "the difference between the salary income of the individual in the current month and the expense deduction" by 12 months, and determine the applicable tax rate and the corresponding quick deduction according to the consultation with the tax rate table of salary and salary income items, and calculate and pay personal income tax.
The calculation formula is: personal income tax payable = (individual one-time bonus of the current month-the difference between personal salary income and expense deduction of the current month) × applicable tax rate-quick deduction.
As the above tax calculation method is a preferential method, everyone can only use it once in a tax year.
The above is a simple answer to what is the standard of Xuzhou personal income tax collection and what are the calculation methods. It is not difficult to see from the article that everyone can still have a preferential policy for personal income tax in each tax year, and a certain amount of tax can be reduced by using the corresponding tax formula. If you have questions about personal income tax, you can consult relevant departments or lawyers.