From January 1, 2019, the new personal income tax law will be implemented soon. For hard pressed office workers, you must know where your money is deducted and how to deduct it. In addition, how to calculate the individual income tax of year-end bonus. I'm afraid this is the concern of everyone here. Let's have a look at the calculation method!
individual income tax
This year's tax reform has achieved great results and is an important part of the government's tax reduction measures. From the perspective of the content of individual income tax reform, low - and middle-income people benefit more. First of all, raising the threshold to 5000 yuan will enable many people with a monthly salary of more than 3500 yuan but less than 5000 yuan not to pay individual income tax. The number of office workers at this income level should be a lot.
What's the salary in 2019
Secondly, the individual income tax rate has also been adjusted. In the new individual income tax rate table, if the tax payable is less than 3000 yuan, only 3% of the individual income tax needs to be paid, that is, 5000 yuan of the starting point should be deducted from the salary payable, and then the social security fee and special additional deduction should be deducted. If the remaining money is still less than 3000 yuan, only 3% of the remaining money should be paid.
The social security fee is fixed, so what matters most is how to deduct the special additional deduction of individual income tax? Considering that there are still many unmarried young people struggling in the first tier cities, the following is an example of unmarried young people struggling in the first tier cities paying individual income tax.
Suppose that Xiaohong is an unmarried young woman working in Guangzhou, with a monthly income of 10000 yuan, good health, no serious illness, the monthly rent of renting a house is 2800 yuan, the elderly at home are not over 60 years old, and there is no loan to buy a house. Therefore, among the six special deductions, only 1200 yuan of housing rent can be deducted per month, while the deduction standard of social security accumulation fund is 2220 yuan per month. Therefore, Xiaohong's tax payable is 10000-5000-2220-1200 = 1580 yuan, and she finally needs to pay individual income tax 1580 & times; 3% = 47.4 yuan.
So how much is Xiaohong's final salary? 10000-2220-47.4 = 7732.6 yuan. Therefore, according to the detailed rules of the new tax law, single young women who should pay 10000 a month can get about 7732.6 yuan a month. Seeing this figure, Xiaobian felt sad. It turned out that the manual capital was so little. The salary payable by Xiaobian is not so much. It's a drag. Come on!
Teach you how to calculate the individual income tax of year-end bonus
The No. 164 civilization confirmed that the annual one-time bonus obtained by individual residents is in line with the provisions of the notice of the State Administration of Taxation on adjusting the calculation and collection methods of individual income tax such as obtaining annual one-time bonus (Guo Shui Fa [2005] No. 9). Before December 31, 2021, it will not be incorporated into the comprehensive income of the current year, and the annual one-time bonus income will be divided by the amount obtained in 12 months, The applicable tax rate and quick calculation deduction shall be determined according to the monthly converted comprehensive income tax rate table attached to the notice, and the tax shall be calculated separately.
How much tax you need to pay for the year-end bonus can be calculated by yourself according to the following formula. If the employee's monthly salary is higher than (or equal to) 5000 yuan, the applicable formula is: tax payable = one-time bonus & times; Applicable tax rate - quick calculation deduction.
What if your monthly salary is less than 5000 yuan? Only a little adjustment is needed to calculate the difference between the salary of the month in which the year-end bonus is paid and 5000 yuan, and then apply the formula: tax payable = (the employee obtains the annual one-time bonus in the current month - the difference between the employee's salary income and expense deduction in the current month) & times; Applicable tax rate - quick calculation deduction
The transfer of enterprise social security to the tax department for unified collection is suspended
In addition to individual taxpayers enjoying the dividends of individual income tax reform, enterprises have also ushered in good news.
On December 27, the reporter confirmed from an authoritative person that the transfer of enterprise social security to the tax department for unified collection will be suspended.
The person told reporters that after consultation with the national finance, taxation and human resources and social security departments, in order to stabilize enterprise expectations and not increase the burden of enterprises, the basic old-age insurance for urban employees undertaken by enterprises will be deferred to the tax department for collection.
People from the human resources and Social Security Department of a province in North China also confirmed the news to reporters. He said that now it has been basically determined that the transfer of enterprise social security collection to the tax department has been suspended.
The source said: the enterprise social security belongs to the social security of urban employees. In addition, other parts, such as the pension and medical insurance of organs and institutions, are transferred to the tax department for unified collection. Each place has a timetable, which is not completely consistent. "Our province preliminarily determines that the transfer will be completed in the first half of next year."
There are clear arrangements in some places for the collection and transfer of social security in the social security system other than enterprise social security. For example, Fujian provincial taxation bureau announced that from January 1, 2019, the basic endowment insurance premiums (including occupational annuity) and work-related injury insurance premiums of organs and institutions previously reported and paid in detail to the social security agency will be reported and paid in detail to the tax authority. The current method of declaration and collection of medical insurance premiums will continue.
On the same day, the reporter learned from Shanxi provincial taxation bureau that since January 1, 2019, the social insurance premiums of organs and institutions, basic endowment insurance for urban and rural residents and basic medical insurance for urban and rural residents in Shanxi Province will be collected by the tax department. Organs and institutions shall report and pay social insurance premiums to the tax authorities before the 25th of each month.