What are the parents of the children in the tax reduction plan?

Children specially deducted from individual tax include legitimate children, illegitimate children, adopted children and stepchildren. It also includes non-children who are minors but are under their guardianship. Deduct according to the standard quota of 1000 yuan per child per month. Academic education includes compulsory education (primary school, junior high school education) and senior high school education.

Calculation of special tax deduction

Calculation method of personal income tax special deduction;

1, the relatively simple personal income tax calculation formula is "taxable amount = taxable income * tax rate-quick deduction", so we need to calculate taxable income, tax rate and quick deduction.

2. Taxable income refers to the taxable part. After deducting 5000 yuan exemption, five insurances and one gold from wages, the rest is taxable income.

3. According to the latest tax law, the items that need to be deducted include the exemption amount of 5,000 yuan, special deductions such as three insurances and one gold, additional special deductions such as children's education, and enterprise annuities and other items that can be deducted by the state.

At present, China's tax rate is graded. Everyone's income is divided into seven grades, and the tax rate of each grade is different, which is 3%, 10%, 20%, 25%, 30%, 35% and 45% respectively. It can be said that the more wages, the more taxes need to be paid.

5. Quick deduction is a term derived for us to calculate personal income tax conveniently. Because it is a graded tax rate now, in theory, individual tax should be calculated at the first level. With quick deduction, you can directly calculate the highest level of tax, and then subtract quick deduction.

6. If your monthly salary is 20,000 yuan, and you still have 10000 yuan after deducting all expenses before tax (including 5,000 yuan exemption), then the tax you should pay this month is10000 *10%-210 = 790 yuan.

Special tax reduction standard

How to calculate the new tax deduction standard: the calculation formula of payroll tax is: tax payable, salary income-"five insurances and one gold" deduction) x applicable tax rate-quick deduction. The tax threshold is 5000, and the calculation method of excess progressive tax rate is as follows: taxable income tax rate in tax month-quick deduction. Real salary-four gold-tax payment. Monthly taxable income, wages payable-four gold) -5000. (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%.

I hope the above content can help you. If in doubt, please consult a professional lawyer.

Legal basis:

Article 5 of the Notice of the State Council Municipality on Printing and Distributing the Interim Measures for Special Additional Deduction of Individual Income Tax.

The expenses related to the taxpayer's children receiving full-time academic education shall be deducted according to the standard of 1000 yuan per child per month. Academic education includes compulsory education (primary school, junior high school education), high school education (ordinary high school, secondary vocational education, mechanic education) and higher education (junior college, undergraduate, master's and doctoral education). The provisions of the first paragraph of this article shall apply to children who have reached the age of 3 and are in the pre-school education stage before entering primary school.