After the implementation of the new tax law, how to deduct the individual income tax for the year-end bonus is particularly concerned. Recently, the Ministry of Finance and the State Administration of Taxation issued the notice on the connection of preferential policies after the amendment of the individual income tax law (hereinafter referred to as the notice), which made it clear that before December 31, 2021, the year-end bonus received by an individual may not be incorporated into the comprehensive income of the year, and the tax shall be calculated and paid separately according to law. This also means that the year-end bonus individual income tax preferential policy will continue for three years. How to calculate the annual bonus individual income tax?
The notice also gives choices. If a resident individual obtains a one-time bonus for the whole year, he or she can choose the tax calculation method by himself or herself. One method is not incorporated into the comprehensive income of the current year, but to divide the total amount of the bonus by the amount of 12 months, determine the applicable tax rate and the quick calculation deduction according to the monthly tax rate table of the comprehensive income, and calculate the tax separately. Another method is to incorporate the comprehensive income of the current year and calculate the tax together.
'for some middle and low-income people, if the annual lump sum bonus is incorporated into the current year's wage and salary income, after deducting the basic deduction, special deduction, special additional deduction, etc., there may be no need to pay taxes or pay a small amount of taxes at all; if the annual lump sum bonus is adopted as a single tax method, it will generate the tax payable or increase the tax burden. The middle and high-income groups may be the opposite. 'Dalian tax bureau said.
Personal income tax rate table
In 2019, Ms. AI's monthly salary is 4000 yuan. In January, she received a one-time bonus of 36000 yuan, with a monthly deduction of 5000 yuan for expenses, 1500 yuan for "three insurances and one fund" and 1000 yuan for interest on the first housing loan. There are two ways to calculate how Ms. AI's one-time bonus is taxed in the whole year.
The first method
The year-end bonus is calculated separately, 36000 / 12 = 3000 yuan, corresponding to the 'monthly comprehensive income tax rate table', the applicable tax rate is 3%, and the quick calculation deduction is 036000 & times; 3% = 1080 yuan. In addition, her annual personal income tax payable on wages and salaries:
4000×12-5000×12-1500×12-1000×12=-42000
The calculation result is negative. For salary, Ms. AI doesn't need to pay personal income tax, which is 0 yuan. The sum of the two items is 1080 yuan.
The second method
The year-end bonus is incorporated into the comprehensive income of the year. Calculation of the annual personal income tax payable on wages and salaries: 4000 & times; 12 + 36000-5000 & times; 12-1500 & times; 12-1000 & times; 12 = - 6000 yuan, which is still a negative number, so Xiaoai doesn't need to pay personal income tax at all. Obviously, the second method can save Ms. AI 1080 yuan of personal income tax.
Ms. AI chose the method that the year-end bonus was incorporated into the comprehensive income of the year and the tax was calculated together. But this approach is not for everyone. Mr. Wang also issued a year-end bonus of 36000 yuan. In 2019, his monthly salary is 10000 yuan. In January, he issued a one-time bonus of 36000 yuan, with a monthly deduction of 5000 yuan for expenses, 1500 yuan for special items such as "three insurances and one fund", and 1000 yuan for the first set of mortgage interest.