In this year's National People's Congress, the National People's Congress Committee voted to revise China's personal income tax, adjusting the original tax starting point of 3500 to the current 5000, that is, the current personal income tax standard in China has changed. Let's take a look at the relevant contents of the personal income tax standard in 2019.
1、 What is the individual income tax standard in 2019
An individual obtains a one-time bonus for the whole year, and the individual's wage income in the month of receiving the bonus is higher than (or equal to) the expense deduction specified in the tax law.
The calculation method is: divide the total one-time bonus of the whole year by 12 months, determine the applicable tax rate and the corresponding quick calculation deduction according to its quotient against the tax rate table of wage and salary income items, and calculate and pay individual income tax.
The calculation formula is: individual income tax payable = annual one-time bonus obtained by the individual in the current month & times; Applicable tax rate - quick calculation deduction.
Individual income tax shall be calculated and paid separately for the monthly salary, salary income and one-time bonus of the whole year.
2、 Individual income tax relief policy
Exemption amount
The public has misunderstood the 'threshold'. The correct statement should be 'individual income tax exemption' There is a strict difference between the "threshold" and the "exemption amount":
The so-called threshold is the boundary where the tax object reaches the tax amount and begins to tax. When the amount of the tax object does not reach the threshold, no tax will be levied. Once the amount of the tax object reaches or exceeds the threshold, the tax shall be levied on the whole amount, rather than only the part exceeding the threshold.
The so-called exemption amount is the amount exempted from taxation in the total amount of tax objects. It is the amount deducted in advance from the total amount of tax objects according to certain standards. No tax will be levied on the exempted amount, but only on the part exceeding the exempted amount.
The difference between the two is: assuming that the figure is 2000 yuan, your salary in the current month is 2001 yuan. If it is the exemption amount, 2000 yuan will be exempted, and only tax will be paid for the excess of 1 yuan. If it is the starting point, tax will not be paid if it is less than 2000 yuan. If it exceeds 2000 yuan, tax will be paid in full, that is, tax will be paid based on 2001 yuan.
3、 Applicable tax rate of individual income tax
Individual income tax stipulates three different tax rates according to different tax items:
Income from wages and salaries shall be taxed at a progressive tax rate of 7 levels of excess and calculated on the basis of monthly taxable income. The tax rate is divided into seven levels according to the taxable income of individual monthly wages and salaries, with the highest level of 45% and the lowest level of 3%.
The production and business income of individual industrial and commercial households and enterprises and institutions shall be subject to level 5 excess progressive tax rate. The annual taxable income from production and operation of individual industrial and commercial households applicable to annual calculation and monthly prepayment of taxes and the annual taxable income from contracted operation and leased operation of enterprises and institutions are divided into five levels, with the lowest level of 5% and the highest level of 35%.
Proportional tax rate. Individual income tax shall be levied on individual income from remuneration for contributions, remuneration for labor services, royalties, interest, dividends and bonuses, income from property leasing, income from property transfer, occasional income and other income, calculated on a case by case basis, and the proportional tax rate of 20% shall apply. Among them, the proportional tax rate of 20% is applicable to the income from remuneration, and the tax payable is reduced by 30%; If the one-time income from labor remuneration is abnormally high, in addition to the tax at 20%, the part of taxable income exceeding 20000 yuan to 50000 yuan shall be levied at an additional 50% of the taxable amount after the taxable amount is calculated in accordance with the provisions of the tax law; For the part exceeding 50000 yuan, an additional 100% will be levied. "