Sihai network

How much tax can you pay less each month?

The amendment (Draft) to the individual income tax law, which is of great concern to the society, was open to the public for comments. According to the draft, the amendment will come into force on January 1, 2019, and the 'threshold' of 5000 yuan of wages and salaries is expected to take the lead in the transition period from October 1 to December 31 this year. So for ordinary wage earners, how much tax can you pay less after the adjustment?

The draft also gives a new version of the tax rate table after the 'threshold' is raised. During the transition period, the personal income tax rate will also be implemented according to the new tax rate table.

For the purposes of this table, the amount of taxable income for the whole year refers to the balance after deducting 60000 yuan of expenses, special deductions, special additional deductions and other deductions determined in accordance with the law from the amount of income for each tax year of comprehensive income obtained by individual residents in accordance with the provisions of article 6 of this law.

After a series of reform actions, how much less will you pay each month?