Personal income tax deduction standard table
1. If the salary range is between 1-5,000 yuan, including 5,000 yuan, the applicable personal income tax rate is 0%;
2. If the salary range is between 5,000-8,000 yuan, including 8,000 yuan, the applicable personal income tax rate is 3%;
3. If the salary range is between 8,000 yuan and 17,000 yuan, including 17,000 yuan, the applicable personal income tax rate is 10%;
4. If the salary range is between 17,000-30,000 yuan, including 30,000 yuan, the applicable personal income tax rate is 20%;
5. If the salary range is between 30,000-40,000 yuan, including 40,000 yuan, the applicable personal income tax rate is 25%;
6. If the salary range is between 40,000 yuan and 60,000 yuan, including 60,000 yuan, the applicable personal income tax rate is 30%;
7. If the salary range is between 60,000 yuan and 85,000 yuan, including 85,000 yuan, the applicable personal income tax rate is 35%;
8. If the salary range is more than 85,000 yuan, the applicable personal income tax rate is 45%.
Personal income tax payment standards:
The calculation formula of the full month’s taxable income is: (wage payable-four golds)-3500, where the “four golds” refer to insurance and welfare expenses such as social security, provident fund, medical insurance, and unemployment insurance. Individual tax payment is made based on the full month's taxable income. The formula is: tax payment = full month's taxable income × tax rate - quick calculation deduction. Tax rates and quick calculation deductions are stipulated by the state. Specific standards and calculation methods can be viewed on the government’s tax disclosure website.
In an enterprise, the amount of personal income tax is calculated from the total amount of tax paid; the total amount of tax paid by the enterprise includes value-added tax, sales tax and surtax and income tax. The rate of value-added tax is 17%, and the rate of sales tax and surtax is 17%. The tax rate is 12% and the income tax rate is 25%.
In addition, there is a standard tax deduction when personal income is taxed, also known as an expense deduction. It refers to the limit on expenses that are allowed to be deducted when taxing personal income. For business entertainment expenses of an enterprise, according to regulations, 60% of the amount incurred can be deducted, but the maximum cannot exceed 5‰ of the sales (operating) income of the year. Eligible advertising and business promotion expenses incurred by an enterprise that do not exceed 15% of the current year's sales (business) income are also allowed to be deducted, and the excess is allowed to be carried forward for deduction in subsequent tax years. Finally, the amount of public welfare donation expenditure incurred by the enterprise does not exceed 12% of the total annual profit and is allowed to be deducted.
The above is the relevant content about personal income tax. I hope it will be helpful to you!
