What does comprehensive income include?
Comprehensive income of personal income tax refers to income from wages and salaries; income from labor remuneration; income from author’s remuneration; income from royalties.
Tax content:
1. Wage and salary income
Wage and salary income refers to wages, salaries, bonuses, year-end salary increases, Labor dividends, allowances, subsidies and other income related to office or employment.
2. Income from labor remuneration
Income from labor remuneration refers to individuals engaged in design, decoration, installation, Drawing, laboratory testing, medical care, law, accounting, consulting, lecturing, journalism, broadcasting, translation, review, calligraphy and painting, sculpture, film and television, audio recording, video recording, performances, performances, advertising, exhibitions, technical services, introduction services, economy Income from services, agency services and other labor services.
3. Income from royalties
Income from royalties refers to the income an individual obtains from publishing or publishing his or her 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. Personally acquired posthumous works Royalties should be taxed according to the items of royalties.
4. Income from royalties
Income from royalties refers to the personal provision of patent rights, copyrights, trademark rights, non-profit Income from the right to use patented technology and other franchises. Income from providing the right to use copyrights does not include income from royalties. Income from the author's public auction (bidding) of the original or copy of the manuscript of his written work shall be treated as a franchise. Items of income from royalties are taxed.
5. Income from property transfer
Income from property transfer refers to the transfer of securities, equity, buildings, land use rights, machinery and equipment, Income obtained from transferring cars, ships and other self-owned property to others or entities, including income obtained from the transfer of real estate and movable properties. Income obtained from the sale of individual stocks is not taxed for the time being.
Comprehensive income tax settlement and settlement What is the algorithm?
The comprehensive income of a resident individual is taxable income based on the balance of the income in each tax year minus expenses of RMB 60,000 and special deductions, special additional deductions and other deductions determined in accordance with the law. Amount. An excess progressive tax rate of 3% to 45% applies.
(1) Annual income = income from wages and salaries, income from labor remuneration, income from author remuneration, income from royalties Income
(2) Comprehensive income taxable income = annual income - 60,000 yuan - special deductions - special additional deductions - other deductions determined in accordance with the law
(3) Tax payable Amount = taxable income Amount of tax paid, amount of withholding and prepayment of royalties and income
(5) Annual final tax refund amount = tax payable - amount of withholding and prepayment of tax
Remuneration for labor services, author's remuneration , Withholding and prepayment of royalties income
According to the provisions of the State Administration of Taxation announcement, when the withholding agent pays income from labor remuneration, author's remuneration, and royalties to resident individuals, the withholding agent shall comply with the following Methods: Prepay taxes on a per-time or monthly basis:
The balance of income from labor remuneration, author's remuneration, and royalties after deducting expenses is the amount of income; among them, income from author's remuneration The deduction is calculated as 70%.
Expenses deduction: When withholding taxes, the income from labor remuneration, author remuneration, and royalties does not exceed 4,000 yuan each time. , the deduction fee is calculated as 800 yuan; if the income is more than 4,000 yuan per time, the deduction fee is calculated as 20% of the income.
Taxable income: income from remuneration for labor services and income from author remuneration , For income from royalties, the amount of taxable income withheld and prepaid shall be calculated based on the amount of each income, and the amount of tax to be withheld and prepaid shall be calculated. A proportional withholding rate of 20% shall be applied to income from royalties and royalties. <
/p>
What does comprehensive income include? In the above article, we introduced to you what types of income there are when calculating personal income tax, such as the more common wages and salaries income, labor remuneration income, and author remuneration income. There are also incomes obtained by individuals from selling assets and leasing assets. You can refer to the introduction in our article above.