What is the new personal income tax threshold?

The formula for calculating personal income tax is:

Personal income tax = (annual income amount - (basic deduction cost 60000 yuan + special deduction + special additional deduction + other deductions determined in accordance with the law)) x tax rate (graded calculation of tax rate).

The new personal income tax (hereinafter referred to as, the new personal tax), is the original classification of income tax into a comprehensive income tax, the comprehensive income is the wages and salaries, compensation for services, remuneration for manuscripts and royalties and the sum of four, in the calculation of the four items of income should be added together, the formula is: comprehensive income = wages and salaries + compensation for services + remuneration for manuscripts + royalties.

New personal tax 5000 starting point tax rate:

1, after paying social security, wages, salaries, personal income less than 5000 yuan, do not need to pay personal tax.

2, after paying social security, greater than 5,000 yuan of the part of the individual tax band 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%, quick deduction 210.

4, after paying social security, greater than 5,000 yuan, the individual tax range in the $12,000 - $25,000 tax rate of 20%, the quick deduction 1410.

5, after paying social security, greater than 5,000 yuan, the individual tax range in the $25,000 - $35,000 tax rate of 25%, the quick deduction 2,660.

6, after paying social security, greater than 5,000 yuan

7, after paying social security, the part of greater than 5,000 yuan, personal tax range in the 55,000 yuan - 80,000 yuan tax rate of 35%, the number of quick deductions 7160.

8, after paying social security, greater than 5,000 yuan of the part of the personal tax range of more than 80,000 yuan tax rate of 45%, the quick deduction of 15,160.