Zhu Gong’s bonus sharing saves taxes

According to the "Notice of the State Administration of Taxation on Adjusting the Methods for Calculation and Collection of Personal Income Tax on Individuals Obtaining Annual One-time Bonuses" (Guo Shui Fa [2005] No. 9), monthly bonuses, quarterly bonuses, half-year bonuses, overtime bonuses, attendance bonuses, advanced awards, etc., are non-annual one-time bonuses, and they shall be combined with the wages and salaries of the current month, and personal income tax shall be paid in accordance with tax laws. If the bonus amount is too large, an excessively high personal tax rate may be used to calculate and pay personal income tax that month, resulting in an excessive personal tax burden. The bonuses can be evenly distributed to the current month and several months after tax, so that the combined amount of the bonus and monthly wages and salaries is within a certain limit, so that a lower individual tax rate can be used to calculate personal income tax. This not only complies with national tax laws, but also increases employees' after-tax income by reducing tax burdens. However, if the company has many employees, the workload of calculating bonus distribution will be very large, because not only the bonus must be distributed equally, but also the applicable tax rate, quick calculation deductions, etc. for the monthly taxable income after distribution must be found.

Now, leave the problem to the Zhugong bonus sharing tool!

Zhugong Bonus Sharing Software fully complies with the national "Personal Income Tax Law" and the 7-level applicable grade span and tax rate in the 2011 revised Personal Income Tax Law, as well as the expense deduction standards. It also conducts tax-saving planning based on the individual tax calculation method for annual one-time bonuses stipulated by the State Administration of Taxation. The results are accurate and reliable. Non-annual one-time bonuses such as monthly bonuses, quarterly bonuses, and performance bonuses will be distributed evenly over multiple months to avoid excessively high tax rates in a single month.