Income from wages and salaries refers to wages, salaries, bonuses, year-end salary increase, labor dividends, allowances, subsidies and other income related to employment. That is to say, as long as the income obtained by an individual is related to his position and employment, regardless of the capital expenditure channel of his unit or in the form of cash, physical objects and securities. , are the tax targets of wages and salaries. Calculation method of individual income tax: the taxable amount is equal to the taxable income multiplied by the tax rate minus the quick deduction. It is necessary to deduct special additional deductions, children's education and other special additional deductions, and other items that can be deducted by the state, such as enterprise annuities.
At present, China implements a hierarchical tax rate. Everyone's income is divided into seven grades, and the tax rate of each grade is different. They are 3%, 10%, 20%, 25%, 30%, 35% and 45% respectively. Income from production and operation of individual industrial and commercial households:
(1) Urban and rural individual industrial and commercial households have been approved by the administrative department for industry and commerce to start business and obtain a business license, and engaged in the production and operation of industries such as industry, handicrafts, construction, transportation, commerce, catering, service and repair.
(2) Income obtained by individuals who have obtained business licenses with the approval of relevant government departments and engaged in paid service activities such as running schools, medical care and consulting.
(3) Income obtained by other individuals from individual industrial and commercial production and operation refers to income obtained by individuals from temporary production and operation activities.
(four) the taxable income related to production and operation obtained by the above-mentioned individual industrial and commercial households and individuals.
Legal basis:
What are the personal income tax rates?
According to the provisions of China's individual income tax law, there are two kinds of individual income tax rates in China, one is the excessive progressive tax rate; There is also a proportional tax rate.
In terms of excess progressive tax rate, it is divided into seven levels of excess progressive tax rate applicable to wages and salaries, five levels of excess progressive tax rate applicable to income from production and operation of individual industrial and commercial households and income from contracted operation and leasing operation of enterprises and institutions.
Standards of various tax rates; See Article 3 of the Individual Income Tax Law;
1. Income from wages and salaries is subject to the progressive tax rate of 3% to 45% (the tax rate table is attached).
2. The income from the production and operation of individual industrial and commercial households and the income from contracted operation and lease operation of enterprises and institutions shall be subject to an excessive progressive tax rate of 5% to 35% (the tax rate table is attached).
3. The income from remuneration for writing shall be taxed at a proportional rate of 20%, with a reduction of 30% according to the tax payable.
4. Income from labor remuneration is subject to the proportional tax rate of 20%. If the one-time income from labor remuneration is abnormally high, it may be levied, and the specific measures shall be formulated by the State Council.
5. Income from royalties, interest, dividends, bonuses, property leasing, property transfer, accidental income and other income shall be subject to a proportional tax rate of 20%.
To sum up, it is Bian Xiao's relevant answer about the tax rate and calculation method of individual tax, hoping to help you.
Legal basis:
Individual Income Tax Law of the People's Republic of China
Article 3 The tax rate of individual income tax:
(1) For comprehensive income, the excess progressive tax rate of 3% to 45% is applicable (the tax rate table is attached);
(2) For operating income, the excess progressive tax rate of 5% to 35% shall apply (the tax rate table is attached);
(3) Income from interest, dividends and bonuses, income from property leasing, income from property transfer and accidental income shall be subject to the proportional tax rate of 20%.
Article 11 Individual income tax shall be paid on an annual basis for the comprehensive income obtained by individual residents; If there is a withholding agent, the withholding agent shall withhold the advance tax on a monthly basis or every time; If settlement is needed, it shall be settled within March 1 day to June 30th of the following year. The withholding measures shall be formulated by the competent tax authorities of the State Council.
Where individual residents provide withholding agents with special additional deduction information, the withholding agent shall deduct the withheld tax in accordance with the provisions when withholding monthly, and shall not refuse. If a non-resident individual has a withholding agent for income from wages and salaries, remuneration for labor services, remuneration for manuscripts and royalties, the withholding agent shall withhold and pay the tax on a monthly basis or every time, without making final settlement.
The calculation formula of individual income tax is: taxable income of taxable income × applicable tax rate-quick deduction; These include:
1, taxable income of individual comprehensive income of residents-income in the tax year-expenses of 60,000 yuan-special additional deduction-special additional deduction-other deductions determined according to law;
2. Taxable income from wages and salaries of non-resident individuals, with monthly income-expenses of 5,000 yuan;
3 taxable income of operating income-total income in tax year-costs, expenses and losses;
4. Taxable income from property transfer, property income-original value of property-reasonable expenses;
5. Taxable income from interest, dividends, bonus income and accidental income;
If the income from property lease does not exceed 4,000 yuan each time, 800 yuan will be deducted; If it exceeds 4,000 yuan, 20% of the expenses will be deducted, and the balance will be taxable income.