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How to calculate the individual income tax in the first month of 2019? Quick calculation deduction o

January is coming to an end today. How to calculate the salary in January? Xiaobian introduces the calculation formula and method of individual income tax to you as a reference. Let's take a look at it together!

The salary is paid in January. You don't care which month I pay in January, whether it's the salary in December of 18 or the salary in January. Anyway, it's actually paid in January. The personal income tax period of this salary is January 2019, so the personal income tax should be calculated according to the new policy of 2019.

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Our withholding agent will deduct the individual income tax when actually paying wages and salaries, and then report and pay it in the next month's reporting period. For example, the individual income tax will be deducted during the distribution in January and declared within the declaration period in February.

The accounting entry is also simple. Social security is not considered here. First, we need to calculate and withdraw wages on the accrual basis. Note that here, it has something to do with the month in which the wages belong. The month in which the wages belong is the expense of the month, regardless of whether they are actually paid or not. This is the accrual basis.

Wages are included in administrative expenses

Accrual time

Debit: administrative expenses - salary

Loan: Payroll payable

When it is issued, we will calculate the individual income tax and deduct it.

Debit: Payroll payable

Credit: tax payable - individual income tax payable

Loan: bank deposit

Time of declaration and payment

Debit: tax payable - individual income tax payable

Loan: bank deposit

Isn't it simple? However, today's focus is not on this, but to see if you know how to calculate personal income tax from January?

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I wonder if you paid your salary in January. If so, do you know whether your personal income tax is correct?

Of course, you will say that I reported special additional deduction information to the unit, and the unit should deduct this part from me in January, and the individual income tax will certainly be reduced.

Yes, starting from the salary actually paid in January, as long as you submit the special deduction information to the withholding agent, the withholding agent should deduct it from the taxable income when calculating the individual income tax.

However, in addition to this, we should also note that from January 2019, when withholding agents pay wages and salary income to individual residents, they should calculate the withholding tax according to the cumulative withholding method and handle the withholding Declaration on a monthly basis.

This is completely different from our previous algorithm of deducting personal income tax on wages and salaries.

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For example, the salary payable in January 2019 is 15000. According to the actual salary, 8% of the old-age insurance, 2% of the medical reimbursement, 0.4% of the unemployment insurance and 12% of the housing provident fund are deducted, and the special additional deduction is not considered temporarily.

Do you think I'm right to calculate personal income tax like this?

Step 1: calculate taxable income

Income payable = income - pension and other deductions - deduction of expenses

=15000-(1200+300+60+1800)-5000=6640

Step 2: use the taxable income to correspond to the individual income tax rate table

Tax payable = 6640 * 10% - 210 = 454

Is the above algorithm right? Think for yourself first!

Of course not. What's wrong?

The mistake is to use the wrong tax rate table.

From 2019, we usually take the balance of the taxpayer's accumulated income from wages and salaries in the current month minus the accumulated tax-free income, accumulated expenses, accumulated special deductions, accumulated special additional deductions and accumulated other deductions determined according to law as the accumulated withholding taxable income. Table 1 of individual income tax withholding rate is applicable (see Annex), Calculate the accumulated withholding tax payable, then deduct the accumulated tax deduction and withholding tax already withheld, and the balance is the withholding tax payable in the current period.

Of course, the cumulative amount in January is the data in January. This is no problem, but we should use table 1 of withholding rate in the tax rate table, that is, the following one.

OK, at this time, let's calculate how much personal tax should be deducted correctly? Special additional deduction will not be considered here for the time being.

Step 1: calculate the accumulated withholding and withholding taxable income

Cumulative withholding and prepayment of taxable income = cumulative income - cumulative pension and other deductions - cumulative deduction of expenses

=15000-(1200+300+60+1800)-5000=6640

Step 2: use the accumulated withholding taxable income to correspond to the individual income tax withholding rate table

The accumulated withholding tax = 6640 * 3% - 0 = 199.20.

As it is the first month, the accumulated withholding tax is the individual income tax to be paid in the current month.

So, you see, the result is completely different from the previous algorithm.

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In fact, the previous method is still calculating the individual income tax on wages and salaries separately by month. As before, it is calculated independently between months. This is essentially different from the current cumulative calculation of individual income tax. The current method is more scientific and will not lead to the imbalance of individual income tax due to the imbalance of monthly wages or the delay in the payment of wages.

The tax rate table used in the previous algorithm is actually a tax rate table obtained by forcibly dividing the tax rate table of individual income law by 12. This table is only the tax rate table used in the transition period from October to December after the implementation of the new individual income tax law.

After the transition period, the cumulative withholding method will be implemented in 2019. No matter in the individual income tax law or the measures for the administration of individual income tax withholding declaration (Trial), this tax rate table is not used for individual residents at all.

Therefore, the previous algorithm is completely wrong.

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Finally, I would like to remind you that if you haven't paid your salary and calculated your personal income tax, please note that don't deduct the employee's personal income tax wrong when deducting your personal income tax.

If the deduction is wrong, when you file your personal income tax return in February and fill in the return form in January, there will be a big deviation between the calculated personal income tax and the personal income tax on the payroll. It will be very troublesome to adjust at that time.