Which income is exempt from individual income tax and what is exempt from individual income tax

Article 4 The following personal income is exempt from individual income tax:

1. Prizes awarded by provincial-level people's **, *** ministries and commissions, units at or above the army level of the Chinese People's Liberation Army, as well as foreign organizations and international organizations, in the fields of science, education, technology, culture, health, sports, environmental protection, etc.;

2. Interest on treasury bonds and financial bonds issued by the state;

3. Subsidies and allowances issued in accordance with the unified provisions of the state;

4. Welfare expenses, pensions and relief funds;

5. Insurance indemnity;

6. Transfers and demobilization expenses for servicemen;

7. Settling-in allowance, retirement pay, retirement salary, retirement salary, and retirement living allowance paid to cadres and employees in accordance with the unified provisions of the state;

8. Income of diplomatic representatives, consuls** and other personnel of embassies and consulates in China who are exempt from tax in accordance with the relevant laws and regulations of the People's Republic of China;

9. Income exempted from tax as stipulated in the international conventions and agreements to which China is a party;

10. Tax-exempt income approved by the financial department.

Article 5 Under any of the following circumstances, individual income tax may be reduced upon approval:

1. Income of the disabled, orphaned and martyrs;

2. Causing major losses due to serious natural disasters;

3. Other tax reductions approved by the financial department.

The bonuses issued by the people at or above the provincial level, various departments, and military-level units in terms of science and technology, education, culture and health, interest earned from treasury bond deposits, special allowances and subsidies issued by the state, in addition, as well as insurance, pensions, benefits, and pensions are not subject to individual income tax.

Legal analysis: The following personal income is exempt from individual income tax: (1) bonuses in science, education, technology, culture, health, sports, environmental protection and other aspects issued by provincial-level people's **, *** ministries and commissions, units above the army level of the Chinese People's Liberation Army, as well as foreign organizations and international organizations; 2. Interest on treasury bonds and financial bonds issued by the state; 3. Subsidies and allowances issued in accordance with the unified provisions of the state; 4. Welfare expenses, pensions and relief funds; (5) Insurance indemnity; (6) Transfer, demobilization and retirement allowances for servicemen; (7) Settling-in allowances, retirement allowances, basic pensions or retirement allowances, retirement allowances, and retirement allowances paid to cadres and employees in accordance with the uniform provisions of the State; (8) The income of diplomatic representatives, consuls** and other personnel of embassies and consulates in China who are exempt from tax in accordance with relevant laws and regulations; 9. Income exempted from tax as stipulated in the international conventions and agreements to which China is a party; (10) Other tax-exempt income as provided for in ***.

Legal basis: Article 4 of the Individual Income Tax Law of the People's Republic of China stipulates that the following individual income is exempt from individual income tax:

1) Bonuses in science, education, technology, culture, health, sports, environmental protection, etc. issued by provincial-level people's ** and *** ministries and commissions, as well as units at or above the military level of the Chinese People's Liberation Army, as well as foreign organizations and international organizations; 2. Interest on treasury bonds and financial bonds issued by the state; 3. Subsidies and allowances issued in accordance with the unified provisions of the state; 4. Welfare expenses, pensions and relief funds; 5. Insurance indemnity; (6) Transfer, demobilization and retirement allowances for servicemen; (7) Settling-in allowances, retirement allowances, basic pensions or retirement allowances, retirement allowances, and retirement allowances paid to cadres and employees in accordance with the uniform provisions of the State; (8) The income of diplomatic representatives, consuls** and other personnel of embassies and consulates in China who are exempt from tax in accordance with relevant laws and regulations; (9) Income exempt from tax as stipulated in the international conventions and agreements to which China is a party; (10) Other tax-exempt income as provided for in ***. The tax exemption provisions in item 10 of the preceding paragraph shall be reported to the Standing Committee of the National People's Congress for the record.

The main items exempted from individual income tax are:

1. Bonuses in science, education, technology, culture, health, sports, environmental protection and other aspects issued by provincial-level people's ** and *** ministries and commissions and units above the army level of the Chinese People's Liberation Army, as well as foreign organizations and international organizations;

2. Interest on bonds issued by the Ministry of Finance and financial bonds approved by the Ministry of Finance. The personal income tax rate is the ratio between the amount of personal income tax and the amount of taxable income. The personal income tax rate is determined by the state accordinglyLaws and RegulationsProvisions, calculated on the basis of the individual's income.

Paying individual income tax is the obligation of citizens whose income meets the payment standard.

Individual Income Tax Law of the People's Republic of China

Article 2. The following items of personal income shall be subject to individual income tax: call Jane.

1) Income from wages and salaries;

2) Income from remuneration for labor services;

3) Income from author's remuneration;

4) Income from royalties;

5) Business income;

6) Income from interest, dividends and bonuses;

7) Income from property lease;

8) Income from the transfer of property and trousers;

9) Incidental gains.

The income obtained by a resident individual from items 1 to 4 of the preceding paragraph (hereinafter referred to as "comprehensive income") shall be calculated on a consolidated basis according to the tax year; For non-resident individuals who obtain the income in items 1 to 4 of the preceding paragraph, the individual income tax shall be calculated on a monthly or sub-itemized basis. Taxpayers who obtain the income from items 5 to 9 of the preceding paragraph shall calculate individual income tax separately in accordance with the provisions of this Law.