How to calculate 2017 year-end bonus individual income tax
4hw.org: 2017 is coming to an end. Many small partners are looking forward to the year-end bonus. However, the year-end bonus also needs to pay personal income tax. Everyone is very concerned about how much bonus they can get after tax. Let's take a look at the calculation method of 2017 year-end bonus personal income tax!
Calculation method of individual income tax for year-end bonus:
1. When the salary of the month in which the year-end bonus is paid is higher than 3500 yuan, the method of year-end bonus tax deduction is: year-end bonus * tax rate - quick calculation deduction. The tax rate is the tax rate corresponding to the 'taxable income amount' based on the year-end bonus / 12.
2. When the salary of the current month is less than 3500 yuan, the individual income tax of the year-end bonus = (year-end bonus - (3500 monthly salary)) * tax rate - quick calculation deduction. The tax rate is the tax rate corresponding to the 'taxable income' divided by 12 of the year-end bonus - (3500 monthly salary). Here we use an example to demonstrate the calculation:
Xiaowang earned 6000 yuan in December 2013, and received 20000 yuan of year-end bonus in 2013. The personal income tax to be paid in that month is as follows:
1) personal income tax on wages of the current month = (6000-3500) * 10% - 105 = 145 yuan
2) annual bonus individual income tax = 20000 * 10% - 105 = 1895 yuan
Total personal income tax of the current month = 145 + 1895 = 2040 yuan
Due to the different forms of year-end bonus, the calculation methods of individual income tax are different.
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1. If the salary of the employee in the current month is more than RMB 3500, the year-end bonus to be paid shall be calculated and paid individual income tax separately as one month's salary.
The annual one-time bonus, when calculated as a month separately, is divided by 12 to find the tax rate, but when calculating the tax amount, the quick calculation deduction is only allowed to be deducted once.
II. The salary of the employee in the current month shall not exceed 3500 yuan, and the annual bonus shall be calculated and paid individual income tax as the salary of one month.
However, the balance of the annual lump sum bonus after deducting the difference between the employee's salary income and the deduction of expenses in the current month shall be regarded as the taxable income. The amount of 'employee's wage and salary income of the current month' after deducting the tax-free income (such as social insurance and housing accumulation fund paid according to the regulations) according to the income amount.
This article is provided by the editor of Sihai life channel. To learn about life tips, please pay attention to Sihai life channel to make your life easier!