How to calculate the monthly tax?

The calculation formula of individual income tax is taxable income = comprehensive income-statutory exemption amount-5,000 yuan (basic deduction expenses)-individual part of social security accumulation fund (special deductions for personal basic old-age insurance, basic medical insurance, unemployment insurance, housing accumulation fund, etc.)-special additional deductions (children's education expenditure, continuing education expenditure, serious illness medical expenditure, housing loan interest or housing rent, supporting the elderly, etc.). ) Personal income tax payable by individuals =

Second, analyze the details

Personal income tax is a kind of tax levied on taxable income obtained by individuals, and it is the general name of legal norms that adjust the social relationship between tax authorities and natural persons in the process of personal income tax collection and management. Taxpayers of individual income tax refer to individuals who have a domicile in China, or have lived in China for one year without a domicile, or have not lived or lived for less than one year, but have obtained income from China, including China citizens, individual industrial and commercial households and foreign individuals.

Three. Scope of exemption from personal income tax

Article 4 of the Individual Income Tax Law of People's Republic of China (PRC) stipulates that the following personal income shall be exempted from individual income tax:

1. Bonuses in science, education, technology, culture, health, sports, environmental protection, etc. Awarded by the provincial people's government, the State Council ministries and commissions, China People's Liberation Army units at or above the military level, and foreign and international organizations;

2. Interest on treasury bonds and financial bonds issued by the state;

3. Subsidies and allowances paid in accordance with regulations;

4. Welfare fees, pensions and relief funds;

5. Insurance compensation;

6, demobilized soldiers, demobilization fees;

7, according to the provisions of the cadres and workers to settle down, resign, retirement wages, retirement wages, retirement allowance.

Four. Declaration and refund of personal income tax

Personal income tax declaration and refund can be handled in the personal income tax APP or in the local tax hall. Taxpayers need to deduct 60,000 yuan, special additional deductions, other deductions determined according to law and eligible charitable donations from wages, salaries, labor remuneration, royalties obtained in the previous year, sum up and apply for the comprehensive personal income tax rate, subtract the quick deduction, calculate the final tax payable this year, and then subtract the annual prepayment tax, so as to obtain tax refund or supplementary tax, and report to the tax authorities to apply for tax refund or supplementary tax.