Sihai network

How to calculate the new individual income tax rate? New personal tax 5000 threshold tax rate table

As a citizen of a country, he should fulfill his obligations while enjoying his rights and interests. The tax issue has always been about every citizen. Then how to stipulate the latest personal tax rate and how to calculate it? China will implement the new personal tax rate table from October 1, 2018. The following is the current personal tax rate table:

New personal tax 5000 threshold tax rate table

1. After paying social security, the personal income of wages and salaries is less than 5000 yuan, and there is no need to pay individual income tax.

2. After paying social security, for the part of more than 5000 yuan, the tax rate of 0-3000 yuan is 3%, and the quick calculation deduction is 0

3. After the payment of social security, for the part more than 5000 yuan, the tax rate is 10% for the individual income tax range between 3000 yuan and 12000 yuan, and the quick deduction amount is 210

4. After the payment of social security, for the part of more than 5000 yuan, the tax rate of 12000-25000 yuan is 20%, and the quick deduction amount is 1410

5. After the payment of social security, for the part more than 5000 yuan, the tax rate of the individual income tax range is 25% between 25000 yuan and 35000 yuan, and the quick deduction amount is 2660

6. After the payment of social security, for the part of more than 5000 yuan, the tax rate of the individual income tax range is 30% from 35000 yuan to 55000 yuan, and the quick deduction amount is 4410%

7. After the payment of social security, for the part more than 5000 yuan, the tax rate of the individual income tax is 35% within the range of 55000-80000 yuan, and the quick deduction amount is 7160

8. After the payment of social security, for the part of more than 5000 yuan, the tax rate for the individual tax range of more than 80000 yuan is 45%, and the quick calculation deduction amount is 15160

New calculation formula of individual income tax

Wage tax amount = (wage income - 5000 yuan - three insurances and one fund - special deduction amount) & times; applicable tax rate - quick calculation deduction amount