What income does the final settlement of personal income tax include? There are four main items.

The final settlement of personal income tax is actually the operation of refunding more and replenishing less personal income tax. From March to June every year, residents can make their own comprehensive annual settlement, mainly depending on whether their income and taxes need to be paid back or refunded.

What income does the final settlement of personal income tax include?

The final settlement of personal income tax includes wages and salaries, labor remuneration, royalties and other income, while interest dividends, property lease income and other classified income are not included in the annual final settlement. The annual final settlement does not involve classified income such as property lease, and the income that taxpayers choose not to include in comprehensive income for tax calculation according to regulations.

1 Salary: refers to all cash and non-cash labor remuneration paid by the enterprise to on-the-job or on-the-job employees. Including basic salary, bonus, allowance, subsidy, year-end salary increase, overtime pay, etc.

Labor remuneration: labor remuneration paid according to the quantity and quality of labor services provided. The scope of labor service activities usually refers to daily life services, urban public utilities, culture and art, education, sanitation, health care, tourism and so on.

3 Remuneration: also known as remuneration. Press and publication institutions shall pay the translators labor remuneration after the manuscripts, manuscripts and translations are adopted.

Royalty refers to the fees paid for the use of patents, trademarks, copyrights or similar exclusive rights owned by other economic units.

Individual residents need to summarize the income from wages and salaries, labor remuneration, remuneration and royalties obtained from June 65438+1 October1February 3 1 last year. After deducting expenses of 60,000 yuan, special deductions, other deductions determined according to law and eligible charitable donations, the comprehensive personal income tax rate shall apply and quick deduction shall be implemented.

Refund or tax payable = [(comprehensive income-60,000 yuan-special additional deductions such as three insurances and one gold-special additional deductions such as children's education-other deductions determined according to law-eligible charitable donations) × applicable tax rate-quick deduction]-advance tax.

You can apply for tax refund if you pay more personal income tax at ordinary times, and you need to pay back taxes if you pay less personal income tax at ordinary times, but you don't need to pay back taxes if your annual income is below 6,543,800+0.2 million or if you pay back taxes in 400 yuan.