Hangzhou tax threshold

Hangzhou tax threshold is 5000 yuan per month. The threshold of personal income tax is also called the deduction standard of personal income tax expenses. At the end of August, 2065438+08, in order to establish a more perfect tax system, China raised the original tax threshold of 3,500 yuan per month to 5,000 yuan after soliciting opinions from the masses. In other words, if the individual's monthly salary does not reach 5,000 yuan, there is no need to pay personal income tax.

Personal income tax is levied on all people who live in China and all individuals who earn income in China, including China citizens, compatriots from Hong Kong, Macao and Taiwan and foreigners in China.

What does personal income tax mean?

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. Personal income tax accounts for a large proportion of fiscal revenue and has a great impact on the economy.