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Tax rate table of special additional deduction for individual income tax under the new policy of ind

After the implementation of the new tax law, the new personal income tax rate table and threshold will be implemented. At the same time, the special additional deduction items of personal income tax can also help middle-income people reduce their tax burden. Many people are not familiar with the new personal income tax policy, so let's take a look at the details.

New income tax rate table

The starting point of personal income tax is the standard or exemption of personal income tax. The starting point of personal income tax has the most direct relationship with the level of personal tax burden, so it has become the focus of the majority of wage earners. According to the latest policy of the State Administration of Taxation, considering the growth of people's consumption expenditure and other factors, the starting point of individual income tax will be raised to 5000 yuan from January, 2019.

At the same time, part of the tax rate range of individual income tax was further optimized and adjusted, expanding the 3%, 10% and 20% low tax rate range, narrowing the 25% tax rate range, and keeping the 30%, 35% and 45% high tax rate range unchanged. So that the majority of taxpayers can enjoy the dividend of tax reduction in varying degrees.

The new tax policy also added six special expense deductions such as children's education and serious illness medical treatment, which is conducive to promoting tax fairness between families with different burdens.

1. Children's education. The standard of deduction is 1000 yuan per month. The 1000 yuan can be deducted by both husband and wife, or by both parties, 500 yuan each. In the deduction of children's education expenses, the scope includes preschool education or academic education. Preschool education is from three years old to primary school, and academic education is from primary school to doctor. If you want to study abroad, you need to rely on the admission certificate of overseas university. If the taxpayer has two children and receives the above education, the special additional deduction for children's education can be doubled.

2. Continuing education. The State supports individuals to carry out continuing education, and taxpayers' expenses for continuing education for academic qualifications shall be deducted according to the fixed amount of 4800 yuan per year during the period of academic qualifications. The expenses for continuing education of vocational qualification of skilled personnel and professional and technical personnel shall be deducted according to the fixed amount of 3600 yuan per year in the year of obtaining relevant certificates.

3. Serious illness treatment. From January 1 to December 31 of each year, the medical expenses related to basic medical insurance can be deducted according to the actual situation within the limit of no more than 80000 yuan if the personal burden exceeds 15000 yuan after deducting medical insurance reimbursement. This kind of deduction can be made by the person or spouse, and by the parent of the minor.

4. Housing loan interest. Housing loan has become one of the burdens of many young people. In the mortgage interest, the deduction standard is 1000 yuan per month. It should be noted that the deduction method of mortgage interest is one of the husband and wife, which will remain unchanged within one year. Taxpayers can only enjoy the first set of housing loan interest deduction.

5. Housing rent. The deduction standard is divided into three levels: municipalities directly under the central government, cities under separate planning, provincial capitals, etc., which is 1500 yuan per month. When the population of a city is more than 1 million, it is 1100 yuan per month. If the population is less than 1 million, the deduction is 800 yuan per month. At the same time, the requirement of deduction is that the husband and wife have no housing in their working city. When the husband and wife work in the same city, the deduction party can not repeat the deduction. If they are different, the deduction will be made separately.

6. Support the elderly. There are two deduction standards for supporting the elderly. If the taxpayer is the only child, 2000 yuan can be deducted every month. If the taxpayer is not an only child, he will share it with his brothers and sisters. After the decision, it will remain unchanged for one year, and each person will have to exceed 1000 yuan per month.

The new tax law will release hundreds of millions of dividends. Office workers feel the most sincere, and the burden of those who earn more than 10000 yuan a month will be reduced most obviously. If there are elderly people and children in their families, then office workers who earn more than 10000 yuan a month may not need to pay individual income tax. All in all, in the new year, the labor cost of office workers will increase.