From 1 month, if the total annual income does not exceed 60,000, no tax will be withheld. If the salary can meet the national standard of paying payroll tax, then the excess salary is to pay personal income tax according to the relevant tax rate.
First, the latest personal income tax standard 202 1
Table of withholding rate of individual wages and salaries of residents
Note: When withholding agents pay wages and salary income to individual residents, they shall calculate the withholding tax according to the cumulative withholding method, and declare the full amount of withholding for all employees on a monthly basis.
Two. 202 1 personal income tax rate list
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%.
The original fee deduction standard of 3,500 yuan per month is adjusted to 5,000 yuan per month;
The new tax rate table is applicable because it broadens the tax rate range of middle and low income, that is to say, if a higher tax rate is applied to the same income according to the original tax rate table, the tax rate may be reduced after the new tax rate table is applied.
These two policies reduce the tax burden of taxpayers by increasing deductions and reducing tax rates.