The formula for calculating the amount of personal tax refund: The calculation basis for personal income tax refund is (comprehensive income - 60,000 yuan - special deductions such as "three insurances and one fund" - special additional deductions for children's education - other deductions determined in accordance with the law - Donation) *Applicable tax rate - Quick calculation deduction - Amount of prepaid tax in 2019.
The calculation of personal income tax refund is mainly based on the difference between the tax prepaid by the individual during the year and the annual tax payable. Specifically, if an individual prepays more tax than his or her annual tax liability, the excess amount can be claimed as a refund. First, it is necessary to clarify the annual tax payable by the individual. This is usually calculated by calculating a person's annual income and subtracting various exemptions, deductions and special deductions. This tax liability is then compared to the taxes the individual has already prepaid during the year. If the prepaid tax is more than the tax payable, the difference will be the refundable amount. The calculation formula of tax refund can be roughly expressed as: tax refund amount = prepaid tax - annual tax payable.
Personal income tax content:
1. Income from wages and salaries
Income from wages and salaries refers to income earned by individuals as a result of their employment or employment. Wages, salaries, bonuses, year-end salary increases, labor dividends, allowances, subsidies and other income related to office or employment. This means that any income obtained by an individual, as long as it is related to employment or employment, regardless of the source of capital expenditure of the unit or payment in the form of cash, kind, securities, etc., is subject to tax on wages and salaries. .
2. Income from labor remuneration
Income from labor remuneration refers to individuals engaged in design, decoration, installation, drawing, laboratory testing, medical treatment, law, accounting, consulting, lecturing, and news , broadcasting, translation, review, calligraphy and painting, engraving, film and television, audio and video recording, performances, performances, advertising, exhibitions, technical services, introduction services, economic services, agency services and other services.
3. Income from royalties
Income from royalties refers to the income an individual obtains from the publication or publication of his works in the form of books or newspapers. The "works" mentioned here refer to works including Chinese and foreign texts, pictures, music scores, etc. that can be published and published in the form of books, newspapers and periodicals; "personal works" include my own writings, translated works, etc. If an individual receives remuneration for a posthumous work, tax shall be calculated based on the income item of the remuneration.
4. Income from royalties
Income from royalties refers to the right to use patents, copyrights, trademarks, non-patented technologies and other franchises obtained by individuals. of income. Income from providing the right to use a copyright does not include income from royalties. The income obtained by the author from the public auction (bidding) of the original or copy of the manuscript of his written work shall be taxed as a royalty income item.
To sum up, the calculation of personal income tax refund is based on the difference between the annual prepaid tax and the annual tax payable. Before making a tax refund, you need to understand the tax refund policy, collect the necessary documents, and correctly calculate the annual tax payable. Once you complete these steps, you can fill out your tax refund application and submit it to the tax authorities to wait for approval and receive your tax refund.
Legal basis:
"Tax Collection and Administration Law of the People's Republic of China"
Article 51
Payment If a taxpayer pays more than the tax payable, the tax authority shall immediately refund it upon discovery; if the taxpayer discovers the tax within three years from the date of settlement and payment of tax, he may request the tax authority to refund the overpaid tax plus bank deposit interest for the same period. , the tax authorities shall refund it immediately after timely verification; if it involves withdrawing from the treasury, it shall be refunded in accordance with the provisions of laws and administrative regulations on treasury management.