2019 has officially arrived, and the starting point of personal income tax has also been officially raised from 3500 yuan to 5000 yuan. For us, real income will increase. So, how about the latest personal income tax? Let's follow the editor to find out the specific algorithm.
If the salary range of the latest personal income tax rate table is between 1-5000 yuan, including 5000 yuan, the applicable personal income tax rate is 0%;
If the wage range is between 5000-8000 yuan, including 8000 yuan, the applicable personal income tax rate is 3%; if the wage range is between 8000-17000 yuan, including 17000 yuan, the applicable personal income tax rate is 10%; if the wage range is between 17000-30000 yuan, including 30000 yuan, the applicable personal income tax rate is 20%.
If the wage range is between 30000-40000 yuan, including 40000 yuan, the applicable personal income tax rate is 25%; if the wage range is between 40000-60000 yuan, including 60000 yuan, the applicable personal income tax rate is 30%; if the wage range is between 60000-85000 yuan, including 85000 yuan, the applicable personal income tax rate is 35%; if the wage range is over 85000 yuan, the applicable personal income tax rate is 45%.
If it is calculated according to the special additional deduction standard, Xiaoli's pre tax income is 18000 yuan, about 14000 yuan is left after deducting five insurances and two funds, 5000 yuan is deducted from the exemption amount, and (2000 + 700 + 1000 + 2000) is deducted from the special additional deduction of 5700 yuan, and 3300 yuan is left in the taxable salary. Among them, the tax rate of RMB 3000 is 3%, and RMB 90 is required to be paid; the tax rate of RMB 300 is 10%, and RMB 30 is required to be paid. The total tax is 120 yuan.
From the above content, we can know that the special additional deduction can save Xiaoli about 570 yuan per month, and then consider the 1200 yuan that the new individual income tax will reduce. In January 2019, Xiaoli will pay 1700 yuan less tax than in January 2018. For work, people with a monthly income of 12000 yuan after special additional deductions are considered may not need to consider paying individual income tax!
How much will the implementation of the new tax law affect the year-end bonus?
In most cases, the year-end bonus will be paid in place at one time, but in previous years, it is often found that the seemingly considerable amount of year-end bonus will become less when it is handed over, and even there will be a phenomenon of "less one yuan, but more one thousand yuan when it is handed over", which is caused by the complicated tax deduction rules.
A major change this year is that the new tax law has been officially promulgated. In order to enable taxpayers to receive tax reduction dividends as soon as possible, the transitional period policy of the new tax law will be implemented from October 1 to December 31, 2018, and the expense deduction standard of 5000 yuan and the new tax rate table will be applied. In this way, is there any change in the issuance of year-end bonus?
Wang Bing, partner of Shanghai huatiancheng law firm, said that since the new personal tax law came into effect in 2019, the year-end bonus issued before December 31, 2018 (including that day) is applicable to the calculation method determined by the old policy (starting point of personal tax is 3500 yuan), divided by 12, and apportioned to each month.
However, the year-end bonus issued after January 1, 2019 (including that day) is based on the principle of "actually obtained", which has constituted the income of 2019, and should not be apportioned to each month of 2018, should be included in the income of 2019, and should be included in the comprehensive income consolidated tax of 2019. After deducting the exemption of 60000 yuan, the individual income tax rate shall be applied according to the balance range.
The year-end bonus is paid during the policy transition period, how to deduct the tax?
Many small partners may be curious about why the year-end bonus issued from October 1 to December 31 can't be implemented according to the standard of 5000 yuan expense deduction. To this end, Ge Changyin, associate professor of accounting department, School of economics and management, China Agricultural University, told the author that at present, the provisions of GSF [2005] No. 9 document have not been abolished. Therefore, the calculation method of individual year-end bonus income tax should be implemented according to the old policy That's ok.