How to design a procedure for calculating personal income tax it doesn t have to be too difficult .

The calculation of personal income tax is:

1. Income from wages and salaries shall be subject to 7 levels of progressive tax rate for excess, which shall be taxed on a monthly basis;

2. The production and business income of individual industrial and commercial households and enterprises and institutions shall be subject to a 5-level excess progressive tax rate, which shall be paid in advance on a monthly basis;

3. The personal income from author's remuneration, labor remuneration, property income, incidental income and other income shall be subject to a proportional tax rate of 20% and shall be levied on a per-time basis.

How to calculate the individual income tax on bonusesAccording to the notice of the State Administration of Taxation on adjusting the method of calculating and levying individual income tax for individuals obtaining annual one-time bonuses (Guo Shui Fa [2005] No. 9), taxpayers who obtain annual one-time bonuses shall be taxed separately as a monthly wage and salary income, and shall be withheld and paid by the withholding agent at the time of issuance according to the following tax calculation methods: (1) First, divide the annual one-time bonus obtained by the employee within the month by 12 months, The applicable tax rate and quick deduction are determined by their quotient. If, in the month in which the year-end one-time bonus is issued, the employee's monthly salary income is lower than the expense deduction amount stipulated in the tax law, the annual one-time bonus shall be deducted from the "difference between the employee's salary income and the expense deduction in the current month", and the applicable tax rate and quick deduction of the annual one-time bonus shall be determined according to the above methods.

2) The annual one-time bonus obtained by the employee in the current month shall be calculated and taxed according to the applicable tax rate and quick deduction determined in item (1) of this article, and the calculation formula is as follows: 1. If the employee's salary income in the current month is higher than (or equal to) the amount of expenses deducted and burned under the tax law, the applicable formula is: tax payable = the employee receives a one-time bonus for the whole year in the current month Applicable tax rate - quick deduction 2. If the employee's salary income in the current month is lower than the deduction amount stipulated in the tax law, the applicable formula is:

Tax payable = (the difference between the employee's annual one-time bonus in the current month - the employee's salary income and the deduction of expenses in the current month) Applicable tax rate - quick deduction (3) In a tax year, the tax calculation method is only allowed to be used once for each taxpayer.

The calculation method of individual income tax is as follows: taxable income = salary income amount - various social insurance premiums - tax threshold (5,000 yuan) tax payable = taxable income x tax rate - quick deduction Article 1 of the notice of the State Administration of Taxation of the Ministry of Finance on the application of individual income tax deduction fees and tax rates in the fourth quarter of 2018, on the application of deduction fees and tax rates to wages and salaries income to taxpayers actually obtained after October 1, 2018 (inclusive), The deduction of expenses shall be uniformly implemented according to 5,000 yuan per month, and the tax payable shall be calculated in accordance with Table 1 of the individual income tax rate attached to this notice. For the income from wages and salaries actually obtained by taxpayers before September 30, 2018 (inclusive), the deduction of expenses shall be implemented in accordance with the provisions before the revision of the tax law.

The company pays individual income tax entries to employees.

1. When calculating wages:

Borrow: Administrative Expenses - Salaries.

Credit: Employee Compensation Payable - Wages.

2. When paying wages:

Borrow: Employee remuneration payable - wages.

Credit: Taxes payable on deposits made by banks - Individuals affect other receivables due to income tax - Personal social security.

3. When paying individual income tax:

Borrow: Tax payable - personal income tax.

Credit: Bank deposits.

Accounting treatment of individual income tax for other items.

1.Income from remuneration for labor services paid by enterprises.

When calculating the withholding individual income tax and paying remuneration for labor services:

Borrow: management fees, etc.

Credit: Tax payable - cash payable for deduction of personal income tax.

When the tax is actually paid:

Borrow: tax payable - individual income tax should be deducted.

Credit: Bank deposits.

2.Income from remuneration paid by enterprises.

When calculating the withholding individual income tax and paying the author's remuneration:

Debit: Other payables.

Credit: Tax payable - personal income tax should be deducted.

Cash. When the tax is actually paid:

Borrow: tax payable - individual income tax should be deducted.

Credit: Bank deposits.

3.Businesses distribute dividends and profits to individuals.

When calculating withholding personal income tax, payment of dividends, profits:

Borrow: Profit payable.

Credit: Tax payable - personal income tax should be deducted.

Cash. When the tax is actually paid:

Borrow: tax payable - individual income tax should be deducted.

Credit: Bank deposits.

The law is divided into macro and macro analysis:

Individual income tax is calculated by multiplying the tax payable by the tax rate. Different taxable items correspond to different tax rates, and the amount of tax payable is also different.

For example, the excess progressive tax rate of 3% to 45% is applicable to comprehensive income, and the tax payable is: the balance of the income after deducting 60,000 yuan from the expenses and special deductions, special additional deductions and other deductions determined in accordance with the law.

Legal basis: Individual Income Tax Law of the People's Republic of China Article 3 The tax rate of individual income tax: (1) For comprehensive income, the excess progressive tax rate of 3% to 45% shall be applied (the tax rate table is attached); (2) For business income, an excess progressive tax rate of 5% to 35% shall be applied (the tax rate table is attached); (3) Income from interest, dividends, bonuses, income from property lease, income from property transfer and incidental income shall be subject to a proportional tax rate of 20%.

Personal income tax is a tax that all companies, all individuals or all legal persons must pay. Individual income tax can be said to be a kind of core of socialism, generally speaking, earning more and paying more, from the search to the slow can achieve the role of mildly regulating the market. So how is personal income tax calculated?

Let's take a look at the individual income tax rate.

The threshold of individual income tax in 2021 is 5,000 yuan, and the formula for calculating it is: individual income tax = monthly salary after deducting social security - threshold of 5,000 yuan) * tax rate of the level of salary - quick deduction. The tax rate of deduction is:

1. After deducting 5,000 yuan from the total monthly income, if the remaining income does not exceed 8,000 yuan, the tax rate shall be calculated according to 3%, that is, the residual income multiplied by 3%;

2. After subtracting 5,000 yuan from the total monthly income, if the remaining income is between 8,000 and 17,000 yuan, it will be calculated according to the tax rate of 10%, that is, the residual income multiplied by 10%;

4. After subtracting 5,000 yuan from the total monthly income, the remaining income is between 17,000 and 30,000 yuan, which is calculated according to the tax rate of 20%, that is, the residual income is multiplied by 20%;

5. After subtracting 5,000 yuan from the total monthly income, and the remaining income is between 30,000 and 40,000 yuan, the tax rate is 25%, that is, the residual income is multiplied by 25%;

6. After subtracting 5,000 yuan from the total monthly income, the remaining between 40,000 and 60,000 yuan shall be calculated according to the tax rate of 30%, that is, the residual income multiplied by 30%;

7. After deducting 5,000 yuan from the total monthly income, the remaining amount is between 60,000 and 85,000 yuan, which is calculated according to the tax rate of 35%, that is, the residual income multiplied by 35%;

8. After subtracting 5,000 yuan from the total monthly income, if the remaining amount is more than 85,000 yuan, the tax rate shall be calculated according to 45%, that is, the residual income multiplied by 45%.

After the above, everyone has learned how to calculate personal income tax.