Calculation method of personal income tax in Beijing

Calculation method of personal income tax in Beijing

The calculation method of personal income tax in Beijing is mainly based on the Individual Income Tax Law of People's Republic of China (PRC) and its related regulations. The following are the specific calculation steps and precautions.

First, determine the taxable income.

Taxable income = total annual income-various deductions

Among them, the total annual income includes wages, salaries, labor remuneration, royalties and so on. Deductions include special deductions, special additional deductions and other deductions determined according to law.

Second, find the tax rate table.

Find the corresponding tax rate table and quick deduction according to the taxable income. The tax rate table sets different tax rates and quick deductions according to different intervals of taxable income.

Third, calculate the tax payable.

Taxable amount = taxable income × tax rate-quick deduction

Fourth, matters needing attention

1. The specific amount and scope of each deduction, as well as the specific value of the tax rate table and quick deduction, will be adjusted according to the national tax policy and the relevant regulations of Beijing, so it is necessary to refer to the latest tax laws and policies in actual calculation.

2. For the income obtained by non-resident individuals in China, the calculation method of personal income tax may be different, which needs to be analyzed according to the specific situation.

To sum up, the calculation method of personal income tax in Beijing mainly involves the steps of determining the taxable income, looking up the tax rate table and calculating the taxable amount. At the same time, we need to pay attention to the specific amount and scope of each deduction, as well as the specific value of tax rate table and quick deduction. In practice, it is recommended to consult a professional tax official or use an official online calculator for accurate calculation.

Legal basis:

Articles 2, 3, 4 and 5 of the Individual Income Tax Law of People's Republic of China (PRC). Specific legal provisions can be found in People's Republic of China (PRC), State Taxation Administration of The People's Republic of China, official website or related laws and regulations database.