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Preferential algorithm for individual income tax of 2019 year-end bonus two calculation methods of 2

Less than 20 days before the Spring Festival, it seems to have entered the 'competition for year-end awards' link again. After the implementation of the new tax law, how to deduct individual income tax for year-end bonus has attracted special attention. Recently, the Ministry of Finance and the State Administration of Taxation formulated and issued the notice on the connection of preferential policies after the amendment of the individual income tax law (hereinafter referred to as the notice), which makes it clear that the year-end bonus obtained by individuals may not be incorporated into the comprehensive income of the current year before December 31, 2021 and shall be calculated and taxed separately according to law.

This also means that the preferential individual income tax policy for year-end bonus will continue for three years. The notice also gives a choice. If a resident individual obtains a one-time bonus for the whole year, he can choose the tax calculation method. One method is not to be incorporated into the comprehensive income of the current year, but to determine the applicable tax rate and quick calculation deduction according to the monthly comprehensive income tax rate table by dividing the total bonus by the amount of 12 months, and calculate the tax separately. The other method is to incorporate it into the comprehensive income of the current year and calculate the tax together.

"For some low - and middle-income people, if the annual one-time bonus is incorporated into the salary income of the current year, after deducting basic deduction expenses, special deduction, special additional deduction, etc., they may not need to pay tax at all or pay little tax;

If the annual one-time bonus is taxed separately, it will produce tax payable or increase tax burden. The middle and high-income groups may be just the opposite. " Dalian Taxation Bureau said.

Table 1 of individual income tax withholding rate (applicable to the withholding of residents' individual wages and salaries)

Withholding rate of accumulated withholding and withholding taxable income (%) quick calculation deduction

1 part not exceeding 36000 yuan 3 0

2 the part exceeding RMB 36000 to RMB 144000 10 2520

3 the part exceeding RMB 144000 to RMB 300000 20 16920

4 the part exceeding 300000 yuan to 420000 yuan 25 31920

5 the part exceeding 420000 yuan to 660000 yuan 30 52920

6 the part exceeding 660000 yuan to 960000 yuan 35 85920

7 part exceeding 960000 yuan 45 181920

In 2019, Ms. AI's monthly salary was 4000 yuan. In January, she received a one-time bonus of 36000 yuan for the whole year, with a monthly deduction of 5000 yuan. Special deductions such as' three insurances and one fund 'were 1500 yuan, and the interest on the first housing loan could be deducted by 1000 yuan. Calculate how Ms. AI's annual one-time bonus is taxed in two ways.

The first method

The year-end bonus is calculated separately, 36000 & pide; 12 = 3000 yuan, corresponding to the comprehensive income tax rate table after monthly conversion, the applicable tax rate is 3%, and the quick calculation deduction is 036000 & times; 3% = 1080 yuan. In addition, her annual salary personal income tax payable:

4000× 12-5000× 12-1500× 12-1000× 12=-42000

The calculation result is negative. For the part of salary, Ms. AI does not need to pay personal income tax, that is, 0 yuan. The sum of the two items, Xiao AI should pay personal income tax of 1080 yuan in the whole year.

The second method

The year-end bonus shall be incorporated into the comprehensive income of the current year. Calculation of annual payroll individual income tax payable: 4000 & times; 12+36000-5000× 12-1500× 12-1000× 12 = - 6000 yuan, still negative, Xiao AI doesn't need to pay personal income tax at all. Obviously, choosing the second method can save Ms. AI 1080 yuan of personal income tax.

Ms. AI chose to incorporate the year-end bonus into the comprehensive income of the current year and calculate the tax together. But this approach is not suitable for everyone. Mr. Wang, a citizen, also issued a year-end bonus of 36000 yuan. In 2019, his monthly salary was 10000 yuan. In January, he issued a one-time bonus of 36000 yuan for the whole year, with a monthly deduction of 5000 yuan. Special deductions such as "three insurances and one fund" were 1500 yuan, and the interest on the first house loan was 1000 yuan.

The first method

The year-end bonus is calculated separately: 36000 & pide; 12 = 3000 yuan, find the 'comprehensive income tax rate table after monthly conversion', the applicable tax rate is 3%, the quick calculation deduction is 0, and the individual income tax is 36000 & times; 3% = 1080 yuan. Annual payroll tax payable:

10000× 12-5000× 12-1500× 12-1000× 12 = 30000 yuan, find the 'annual comprehensive income applicable tax rate table', and see that the applicable tax rate is 3%, and the quick calculation deduction is 030000 & times; 3% = 900 yuan, 1080 + 900 = 1980 yuan of individual income tax shall be paid throughout the year.

The second method

The year-end bonus is included in the current year's comprehensive income, 10000 & times; 12+36000-5000× 12-1500× 12-1000× 12 = 66000 yuan, find the 'comprehensive income applicable tax rate table', and find that the applicable tax rate is 10%, and the quick calculation deduction is 2520, then 66000 & times; 10% - 2520 = 4080 yuan. Obviously, compared with the two methods, Mr. Wang chooses the first method, and the year-end bonus is not incorporated into the comprehensive income of the current year, which can save 2100 yuan of personal tax.