After the starting point of the individual income tax is raised to 5000 yuan, the vast majority of the working class who pay the individual income tax will benefit. If the salary is 5000 yuan, how much individual income tax should be paid? Do you know the calculation method of individual income tax?
Suddenly, I feel that the increase of the starting point of the individual income tax and the increase of the expense deduction are more beneficial to the monthly income of tens of thousands. Take the income of about 6000 people. After deducting five insurances and one fund, the individual income tax will be paid more than 200. No matter how many deductions are added, it means that your income has increased more than 200. But for people with higher income, the income will increase more.
Key points: the starting point of individual income tax is raised again every seven years. The last time we adjusted the starting point of individual income tax was seven years ago. The current starting point of individual income tax has not changed for seven years. During this period, China's individual income tax payment increased year by year. In 2017, the national personal tax revenue was 1196.6 billion yuan, an increase of 18.6% year on year. In 2013, it was only 653.1 billion yuan, with an accumulative growth of 543.5 billion yuan in five years. After the starting point of the individual income tax is raised to 5000 yuan, the vast majority of the working class who pay the individual income tax will benefit. The working class who work in the first and second tier cities, such as Beijing, Shanghai, Guangzhou and Shenzhen, is the main force in the payment of the individual income tax. Raising the threshold of individual income tax is undoubtedly a good thing for most people, and the income is increasing.
Calculation formula of individual income tax: taxable income = wage income amount - various social insurance premiums (five insurances, one fund, etc.) - starting point (5000 yuan)
Taxable amount = taxable income * tax rate - quick deduction
Personal income tax
Explain:
1. This table includes the taxable income in the tax interval, which refers to the monthly income amount - the balance of each social insurance fund (five insurances and one fund) - the starting point of 5000 yuan.
2. The tax inclusive interval is applicable to the income of wages and salaries for which the taxpayer is responsible; the tax exclusive interval is applicable to the income of wages and salaries for which the tax is paid by others (units).
Case calculation Description:
Xiaoming's pre tax salary is 10000 yuan in 2018, and he needs to pay 1100 yuan of all kinds of social insurance benefits, so what's his after tax salary?
*Taxable income = (wages payable - four gold) - 5000, i.e. 10000-1100-5000 = 3900 yuan. Refer to the above wage tax rate table, i.e. for the part not exceeding 4500, the applicable tax rate is 3%, and the quick calculation deduction is 0.
*Payment = taxable income * tax rate - quick deduction = 3900 * 3% - 0 = 117 yuan.
*Paid wage = payable wage - four gold - tax payment = 10000-1100-117 = 8783 yuan