How to calculate personal income tax

The formula for calculating personal income tax is:

1. Personal income tax payable by an individual=taxable income×tax rate % (graded calculation of the tax rate);

2. Taxable income for personal income tax=Annual income-permitted deductions;

3. Permitted deductions=Basic deduction of expenses 60,000 yuan + special deductions + special additional deductions + other deductions determined by law.

Individual income tax

The new individual income tax (hereinafter referred to as, the new individual tax), is the original classification of income tax into a comprehensive income tax, the comprehensive income is the wages and salaries, compensation for services, manuscripts and royalties of the four sums, in the calculation of the income should be added together, the formula is: comprehensive income= Wages and salaries + remuneration for services + remuneration for articles + royalties. Then the total monthly salary minus 5,000 yuan of basic deductions, the 5,000 yuan is the exemption amount. You don't have to pay tax on a monthly salary of less than 5,000 yuan. Then deduct some special deductions, that is, five insurance and one gold, including pension insurance, medical insurance, unemployment insurance, industrial injury insurance, maternity insurance and housing provident fund, which are partly paid by the company, and the remaining part needs to be deducted from the salary.

New personal tax 5000 starting point tax rate table

1, after paying social security, wages, salaries personal income less than 5,000 yuan, no need to pay personal tax;

2, after paying social security, greater than 5,000 yuan part of the personal tax range in the 0-3,000 yuan tax rate of 3%, the quick deduction 0;

3, after paying social security, greater than 5,000 yuan of the part of the individual tax band in the 3,000 yuan - 12,000 yuan tax rate of 10%, the number of quick deductions 210;

4, after paying social security, greater than 5,000 yuan of the part of the individual tax band in the 12,000 yuan - 25,000 yuan tax rate of 20%, the number of quick deductions 1410;

5, pay social security After the payment of social security, the part of greater than 5,000 yuan, the individual tax band in the 25,000 yuan - 35,000 yuan tax rate of 25%, the quick deduction 2660;

6, after the payment of social security, the part of greater than 5,000 yuan, the individual tax band in the 35,000 yuan - 55,000 yuan tax rate of 30%, the quick deduction 4410;

7, after the payment of social security, greater than 5,000 yuan After paying social security, the part of the individual tax range in the $55,000 - $80,000 tax rate of 35%, the quick deduction 7160;

8, after paying social security, the part of the individual tax range is greater than $5,000, the individual tax range is greater than $80,000 tax rate of 45%, the quick deduction 15160.