National policies are getting better and better. From the perspective of the interests of the people, take this year's individual income tax policy as an example, the national tax reduction efforts can be said to be very large. In addition to raising the tax threshold, the tax level and tax rate range have been expanded, and special additional deductions for individual income tax have been added, so that the individual income tax to be paid by ordinary office workers has been greatly reduced. But what is the specific calculation method of individual income tax? Let's have a look.
New individual income tax rate table in 2019
1. If the wage range is between 1-5000 yuan, including 5000 yuan, the individual income tax rate is 0%;
2. If the wage range is 5000-8000 yuan, including 8000 yuan, the individual income tax rate is 3%;
3. If the wage range is between 8000-17000 yuan, including 17000 yuan, the individual income tax rate is 10%;
4. If the wage range is 17000-30000 yuan, including 30000 yuan, the applicable individual income tax rate is 20%;
5. If the wage range is 30000-40000 yuan, including 40000 yuan, the applicable individual income tax rate is 25%;
6. If the wage range is 40000-60000 yuan, including 60000 yuan, the applicable individual income tax rate is 30%;
7. If the wage range is 60000-85000 yuan, including 85000 yuan, the individual income tax rate is 35%;
8. If the wage range is above 85000 yuan, the individual income tax rate is 45%.
From January 1, 2019, the special additional deduction items of personal income tax in the new individual tax law will be implemented, and the personal income tax of office workers will be less. So, what is the special additional deduction of individual income tax? In short, the following items are the special additional deduction of individual income tax:
(1) Special additional deduction for children's education: a standard fixed deduction of 1000 yuan per month (12000 yuan per year) for each child, mainly including expenses related to preschool education and academic education.
(2) Special additional deduction for continuing education: 4800 yuan per year (400 yuan per month) during the period of academic education.
(3) Special additional deduction for serious illness medical treatment: the part of medical expenses with personal burden exceeding 15000 yuan will be deducted from 5000 yuan / month (60000 yuan / year).
(4) Special additional deduction of housing loan interest / housing rent: 1000 yuan / month or 1200 yuan / month.
(5) Special additional deduction for supporting the elderly: the expenses for supporting parents over 60 years old and other legal supporters will be deducted by 2000 yuan per month.
Mr. Zhang joined company a in 2016. Since January 1, 2019, the company has paid 20000 yuan (before tax) per month. The special deduction standard of Mr. Zhang's personal tax is 1000 yuan / month, and the special additional deduction standard is 1000 yuan / month;
Apart from his salary, Mr. Zhang has no other income, no other deductions or special matters. Please calculate the specific amount of tax that should be withheld by company a as the withholding agent from January to march in 2019.
Cumulative withholding and prepayment of taxable income = cumulative entry - cumulative tax-free income - cumulative deduction expenses - cumulative special deduction - cumulative special additional deduction - cumulative other deductions determined according to law = 20000-0-5000-1000-1000-0 = 13000 (yuan);
According to the State Administration of Taxation Announcement No. 56, 2018, annex II "Table 1 of individual income tax withholding rate", the withholding rate of the current month is 3%, and the quick calculation deduction is 0; the current period's withholding tax = (accumulated withholding taxable income & times; withholding rate quick calculation deduction) - accumulated tax relief - accumulated withholding tax = (13000 & times; 3% - 0) - 0-0 = 390 (yuan).