As we all know, individual income tax is deducted from your monthly salary. From January 1, 2019, the new individual income tax law, the regulations for the implementation of individual income tax law and the Interim Measures for special additional deduction of individual income tax will be officially implemented.
In the future, when taxpayers calculate the taxable income of individual income tax, they can also enjoy 6 special additional deductions, such as children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, and supporting the elderly, in addition to the basic deduction of 5000 yuan, such as expense deduction and "three insurances and one fund".
The monthly income of 10000 yuan is expected to be zero personal tax
When it comes to personal income tax, many people's first reaction is the tax deducted from their monthly wages. In fact, payroll income tax is only one of the individual income taxes. The tax items of individual income tax include three categories (labor income, business income and other income) and eleven sub categories (1) income from wages and salaries; 2. Income from production and operation of individual industrial and commercial households; 3. Income from contracted operation and lease operation of enterprises and institutions; 4. Income from labor remuneration; 5. Income from remuneration; 6. Income from royalties; 7. Income from interest dividends and bonuses; 8. Income from property leasing; 9. Income from property transfer; 10. Accidental income; 11. Other income), and their collection grades and tax rates are different.
Take the salary income tax that ordinary wage earners are most concerned about as an example. The starting standard of 3500 yuan and the progressive tax rate of 3% - 45% before October 1 were officially implemented after September 2011. Among them, 'tax band' refers to the amount of the monthly pre tax salary after deducting the insurance and subtracting 3500 yuan to obtain the taxable part. If this part does not exceed 1500 yuan, 3% of the tax of this part shall be paid; If the taxable part is between 1500 yuan and 4500 yuan, the part of 1500 yuan shall still be taxed at 3%, and the rest shall be taxed at the rate of 10% of the second grade.
If the monthly income after deducting 'three insurances and one fund' is 10000 yuan, calculated with the starting point of 5000 yuan and individual income tax deduction of 5000 yuan (children's education deduction of 2000 yuan, housing loan interest deduction of 1000 yuan and supporting the elderly deduction of 2000 yuan), the individual income tax payable is zero. Of course, the amount of tax varies from person to person, depending on the individual's wage income and how much special additional deduction you can enjoy.
Non tax income such as social insurance premiums shall be uniformly collected by the tax authorities. From January 1, 2019, various social insurance premiums such as basic old-age insurance premiums, basic medical insurance premiums, unemployment insurance premiums, work-related injury insurance premiums and maternity insurance premiums shall be uniformly collected by the tax authorities. From the perspective of taxpayers, social insurance premiums shall be uniformly collected by the tax authorities, which means that the payment base of employees' social security in the future The number needs to be consistent with the collection base of individual income tax, which will undoubtedly release long-term benefits for office workers.
The tax burden of individual partners of venture capital is only reduced but not increased. From January 1, 2019, for venture capital enterprises filed according to law, they can choose to be accounted for as a single investment fund, and their individual partners' income from equity transfer and dividends obtained from the fund shall be subject to individual income tax at the rate of 20%; or they can choose to be accounted for as a whole according to the annual income of venture capital enterprises, and their individual partners' income from enterprises shall be excess at the rate of 5% - 35% The progressive tax rate calculates the individual income tax. The venture capital fund policy will greatly promote the stable development of the venture capital industry, help stabilize the confidence of investors and alleviate the problem of difficult and expensive financing of small and micro enterprises.