Concept of national defense patent

Personal income tax of 5000 is an exemption amount, and many people will confuse the threshold with the exemption amount. The so-called exemption amount is the amount that does not need to be taxed. Similar to the starting and ending point of personal income tax, if the personal income does not reach the exemption amount, there is no need to tax, and the object that exceeds it is also the excess.

The threshold of personal income tax is to tax the object of collection when the income reaches the threshold. If the income does not reach the threshold, there is no need to pay taxes. For example, if the profit of an enterprise is 30,000 yuan and the threshold is 40,000 yuan, the enterprise will not have to pay personal income tax.

Extended data proportional tax rate Personal income tax is levied on the income from author's remuneration, labor remuneration, royalties, interest, dividends, bonus income, property lease income, property transfer income and accidental income, and the proportional tax rate of 20% is applicable. The proportional tax rate of 20% is applicable to the income from remuneration.

If the one-time income from labor remuneration is abnormally high, except for 20% tax, the part of taxable income exceeding 20,000 yuan to 50,000 yuan shall be calculated according to the provisions of the tax law, and then levied according to 50% of the taxable amount; More than 50,000 yuan, plus 100%.

Baidu encyclopedia-personal income tax threshold