Calculation Method of Individual Income Tax (Detailed Edition)

1. The calculation formula of personal payroll tax is: tax payable (salary income-"five insurances and one gold"-deduction) × applicable tax rate-quick deduction. 2. Implement 7-level excess progressive tax rate: the deduction is 5,000 yuan.

Legal analysis:

The calculation method of personal income tax is: personal income tax payable = (monthly salary after deducting social security-5,000 yuan as the starting point) * wage level tax rate-quick deduction. The general name of legal norms regulating the social relationship between tax authorities and natural persons in the process of personal income tax collection and management can be called personal income tax. Personal income tax is an income tax levied by the state on the income of its own citizens, individuals living in its own territory and overseas individuals from its own country. In some countries, personal income tax is the main tax, which accounts for a large proportion of fiscal revenue and has a great impact on the economy. Personal income tax is the general name of legal norms that adjust the social relationship between tax authorities and natural persons (residents and non-residents) in the process of personal income tax collection and management. Taxpayers of individual income tax include resident taxpayers and non-resident taxpayer. Resident taxpayers have the obligation to pay taxes in an all-round way, and must pay individual income tax on all their income inside and outside China; Non-resident taxpayer only pays individual income tax on its income derived from China. br & gt

Legal basis:

According to Article 11 of the Individual Income Tax Law of People's Republic of China (PRC)

When individual residents obtain comprehensive income, they shall pay individual income tax on an annual basis; If there is a withholding agent, the withholding agent shall withhold the advance tax on a monthly basis or every time; If settlement is needed, it shall be settled within March 1 day to June 30th of the following year. The withholding measures shall be formulated by the competent tax authorities of the State Council.

Where individual residents provide withholding agents with special additional deduction information, the withholding agent shall deduct the withheld tax in accordance with the provisions when withholding monthly, and shall not refuse.

If a non-resident individual has a withholding agent for income from wages and salaries, remuneration for labor services, remuneration for manuscripts and royalties, the withholding agent shall withhold and pay the tax on a monthly basis or every time, without making final settlement.