Personal income tax and social security payment policy

For the comprehensive income of individual residents, the taxable income shall be the income of each tax year after deducting expenses of 60,000 yuan, and the balance after special additional deduction, special additional deduction and other deductions determined according to law. Special deductions include basic old-age insurance, supporting the elderly and other expenses paid by individual residents in accordance with the scope and standards stipulated by the state.

For the comprehensive income of individual residents, the taxable income shall be the income of each tax year after deducting expenses of 60,000 yuan, and the balance after special additional deduction, special additional deduction and other deductions determined according to law. Special deductions include social insurance premiums such as basic old-age insurance, basic medical insurance, unemployment insurance and housing accumulation fund paid by individual residents in accordance with the scope and standards stipulated by the state; Special additional deductions, including children's education, continuing education, serious illness medical care, housing loan interest or housing rent, support for the elderly and other expenses.

Five insurances refer to endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance; One gold refers to the housing accumulation fund. The payment of five insurances and one gold is as follows:

I. Endowment insurance

1, payment ratio

The basic old-age insurance premium shall be borne by enterprises and individual employees:

Enterprises pay 20% of the total average monthly salary of employees in the previous year (some provinces and cities slightly adjust), and individual employees pay 8% of the average monthly salary of employees in the previous year;

Urban individual industrial and commercial households, flexible employees and laid-off workers from state-owned enterprises who participate in the basic old-age insurance in their personal capacity shall pay the basic old-age insurance premium at a rate of 20% based on the average social wage in the province where they are located, and all of them shall be borne by themselves.

2. Payment base

If the wages paid by employees are higher than 300% of the average social wage in this Municipality last year, 300% of the average social wage in this Municipality will be the base of payment; If the wages paid by employees are lower than 60% of the average social wage in this Municipality last year, 60% of the average social wage in this Municipality will be the base of payment.

Individuals who participate in endowment insurance as individuals take a certain proportion of the average social salary of local employees in the previous year as the base of individual contributions, and the optional grades are 40%, 60%, 80%, 100%.

Second, medical insurance.

1, payment ratio

The basic medical insurance for employees shall be paid by both the employer and the employees. The employer's contribution ratio is 9% of the total wages of employees, and the employee's contribution ratio is 2% of their wage income.

2. Payment base

The payment base of basic medical insurance is that the employer takes the total wages of employees stipulated by the state as the payment base, and the employees take their salary income in the previous year as the payment base. If the wage income of employees is higher than the average wage of local employees by 300%, the payment base shall be 300% of the average wage of local employees.

Third, unemployment insurance.

1, payment ratio

The employer shall pay 1 of the average monthly salary of employees in the previous year. 5% is paid monthly, and individual employees pay 0.5% of their average monthly salary last year. 5% salary.

Individual farmers contract workers do not pay unemployment insurance premiums.

2. Payment base

If the average monthly salary of employees in the previous year is lower than 60% of the average monthly salary of employees in the previous year, 60% of the average monthly salary of employees in the previous year shall be paid in proportion, and if the average monthly salary of employees in the previous year is higher than 300% of the average monthly salary of employees in the previous year, 300% of the average monthly salary of employees in the previous year shall be paid in proportion.

Four. employment injury insurance

Employers pay work-related injury insurance in accordance with state regulations, but employees do not. The payment standards of various industries are as follows:

One is the industry with less risk (the total wages of employees in the employer is 0. 5%) for example: securities, banking, insurance and so on.

The second category is medium-risk industries (the total wages of employees in the employer are 1. 0%) for example: real estate industry, environmental management industry, entertainment industry, agricultural and sideline food processing industry and so on.

The third category is the risk industry (the total wages of employees in the employer are 2. 0%) for example: coking and core fuel processing industry, petroleum processing, chemical raw materials and chemical products manufacturing and so on.

Verb (abbreviation of verb) maternity insurance

Employers pay maternity insurance premiums in accordance with state regulations, but employees do not.

The payment ratio of maternity insurance premium is determined by the local people's government according to the planned maternity allowance and maternity medical expenses of female employees, which is generally 0.5% of the total wages. 8%, the maximum shall not exceed 1% of the total salary. The situation varies from place to place. See local payment standard for details.

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

Legal basis:

"People's Republic of China (PRC) tax collection and management law" article 1.

This Law is formulated in order to strengthen the administration of tax collection, standardize tax collection, safeguard national tax revenue, protect the legitimate rights and interests of taxpayers and promote economic and social development.

second

This law is applicable to the collection and management of various taxes collected by tax authorities according to law.

essay

The collection and suspension of tax, as well as the reduction, exemption, refund and overdue tax, shall be implemented in accordance with the provisions of the law; Where the State Council is authorized by law, it shall be implemented in accordance with the administrative regulations formulated by the State Council. No organ, unit or individual may, in violation of the provisions of laws and administrative regulations, arbitrarily make decisions on tax collection, suspension, tax reduction, exemption, tax refund, overdue tax and other decisions inconsistent with tax laws and administrative regulations.

Article 4

Units and individuals who are obligated to pay taxes according to laws and administrative regulations are taxpayers. Units and individuals that have the obligation to withhold and pay taxes according to laws and administrative regulations are withholding agents. Taxpayers and withholding agents must pay taxes, withhold and remit taxes and collect and remit taxes in accordance with the provisions of laws and administrative regulations.

Article 6 of the Individual Income Tax Law of People's Republic of China (PRC)

Calculation of taxable income:

(1) For the comprehensive income of individual residents, the taxable income shall be the income after deducting expenses of 60,000 yuan, special additional deductions and other deductions determined according to law.

(2) For the income from wages and salaries of non-resident individuals, the taxable income shall be the balance of monthly income after deducting expenses of 5,000 yuan; Income from remuneration for labor services, remuneration for manuscripts and royalties shall be taxed.

(3) For operating income, the taxable income shall be the balance of the total income in each tax year after deducting costs, expenses and losses.

(four) if the income from property leasing does not exceed 4,000 yuan each time, the 800 yuan shall be deducted; If it exceeds 4,000 yuan, 20% of the expenses will be deducted, and the balance will be taxable income.

(5) For the income from property transfer, the taxable income shall be the balance after deducting the original value of the property and reasonable expenses from the income from property transfer.

(6) Interest, dividends, bonus income and contingent income shall be limited to the taxable income each time.

Income from remuneration for labor services, remuneration for manuscripts and royalties shall be the balance after deducting expenses. The amount of remuneration should be reduced by 70%.

Individuals donate their income to public welfare charities such as education, poverty alleviation and poverty alleviation, and the part of the donation that does not exceed 30% of the taxable income declared by taxpayers can be deducted from their taxable income; If the State Council stipulates that donations to charity should be fully deducted before tax, such provisions shall prevail.