How much tax should be paid with an annual salary of 700,000, and how much is after tax with an annu

The annual salary of 700,000 yuan needs to be determined in combination with the amount of other special additional deductions such as the payment amount of social insurance premiums, and the specific calculation formula is:

Individual income tax = (annual income - five insurances and one housing fund - other deductions determined according to law - 60,000 yuan - special additional deductions) multiplied by the applicable tax rate - quick deduction.

[Legal basis].

Article 3 of the Individual Income Tax Law.

Personal Income Tax Rate:

1) For comprehensive income, an 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 and bonuses, income from property leases, income from property transfer and incidental income shall be subject to a proportional tax rate of 20%.

Article 6 of the Individual Income Tax Law.

Calculation of Taxable Income:

1) The comprehensive income of individual residents shall be the taxable income after deducting 60,000 yuan of expenses and special deductions, special additional deductions and other deductions determined in accordance with the law in each tax year.

2) The income from wages and salaries of non-resident individuals shall be the taxable income after deducting the monthly income of 5,000 yuan; Income from remuneration for labor services, author's remuneration, and royalties shall be taxable income based on the amount of each income.

If there is no special additional deduction, and five insurances and one housing fund have not been paid, the annual salary is 700,000, the annual cumulative individual income tax threshold is 60,000, the taxable income is 700,000-60,000 = 640,000, the applicable tax rate is 30%, the quick deduction is 52,920, and the personal income tax is 640,000 * 30% - 52,920 = 10,000 yuan.

That is to say, the annual salary is 700,000 yuan, and the annual personal income tax needs to pay 10,000 yuan.

If there is a special additional deduction and the payment of five insurances and one housing fund, you can refer to the following calculation method for calculation. Of course, there are special additional deductions, five insurances and one housing fund, which can reduce the tax income, and the annual personal income tax will be less than 10,000 yuan.

After deducting the annual income tax threshold of 60,000 yuan, deducting the annual special additional deduction and the annual personal social security provident fund, it is the annual tax income, and the annual tax income is used to calculate the individual income tax.

The annual tax income does not exceed 36,000 yuan, the tax rate is 3%, and the quick deduction is 0;

If the annual taxable income exceeds 36,000 yuan to 144,000 yuan, the tax rate is 10%, and the quick deduction is 2520;

If the annual taxable income exceeds 144,000 yuan to 300,000 yuan, the tax rate is 20%, and the quick deduction is 16920;

If the annual taxable income exceeds 300,000 yuan to 420,000 yuan, the tax rate is 25%, and the quick deduction is 31920;

If the annual taxable income exceeds 420,000 yuan to 660,000 yuan, the tax rate is 30%, and the quick deduction is 52920;

If the annual taxable income exceeds 660,000 yuan to 960,000 yuan, the tax rate is 35%, and the quick deduction is 85920;

The annual taxable income exceeds 960,000 yuan, the tax rate is 45%, and the quick deduction is 181920

Legal analysis: The after-tax income of a salary of 700,000 yuan is 452136 yuan. According to the latest policy, in order to improve the efficiency of the collection and management of social insurance funds, the basic pension insurance premiums, basic medical insurance premiums, unemployment insurance premiums and other social insurance premiums will be handed over to the tax department for unified collection.

The calculation formula of individual income tax is as follows: individual income tax = (monthly income - five insurances and one housing fund - other deductions determined according to law - tax threshold - special additional deductions) Applicable tax rate - quick calculation and deduction of several months of income is the salary payable, all payable, including overtime pay, bonuses, performance, etc.

Legal basis: Law of the People's Republic of China on the Administration of Tax Collection

Article 1 This Law is enacted for the purpose of strengthening the administration of tax collection, standardizing the collection and payment of taxes, safeguarding state tax revenues, protecting the legitimate rights and interests of taxpayers, and promoting economic and social development.

Article 2 This Law shall apply to the collection and administration of all kinds of taxes levied by the taxation authorities in accordance with the law.

Article 3 The levy and suspension of taxation, as well as tax reduction, exemption, tax refund and tax compensation, shall be carried out in accordance with the provisions of the law; Where the law authorizes ***, it shall be implemented in accordance with the provisions of the administrative regulations formulated by ***.

No organ, unit, or individual may violate the provisions of laws and administrative regulations by making decisions on tax collection, suspending, tax reduction, tax exemption, tax refund, tax compensation, or other decisions that contradict tax laws and administrative regulations.

Article 4 Units and individuals that are liable to pay taxes as stipulated by laws and administrative regulations are taxpayers.

Units and individuals that are required by laws and administrative regulations to withhold and remit, collect and remit taxes are withholding agents. Taxpayers and withholding agents must pay, withhold, collect and remit taxes in accordance with the provisions of laws and administrative regulations.

Legal analysis: According to the provisions of China's relevant individual income tax and relevant laws and regulations, according to the calculation formula of individual income tax, the individual income tax is (monthly income minus five insurances and one housing fund, then subtract other deductions determined according to law, then subtract the tax threshold, and finally minus special additional deductions) multiplied by the applicable tax rate minus the quick deduction, and the after-tax income of a salary with an annual salary of 700,000 yuan is about 450,000 yuan.

Legal basis: Individual Income Tax Law of the People's Republic of China

Article 2 Individual income tax shall be paid on the following personal income:

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;

9) Incidental gains.

Resident individuals who obtain the income from items 1 to 4 of the preceding paragraph (hereinafter referred to as "comprehensive income") shall calculate individual income tax 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.

The annual salary of 700,000 yuan before tax is about 508008 yuan after tax. From January 1, 2019, the personal income tax threshold is 5,000 yuan per month, that is, the part exceeding 5,000 yuan needs to pay income tax. The average monthly salary of 700,000 yuan before tax is 58,333 yuan, minus income tax of 15,999 yuan, and the remaining monthly salary is 42,334 yuan, and the annual salary after tax is 508008 yuan.

The comprehensive income of a resident individual shall be the taxable income after deducting expenses of 60,000 yuan and special deductions, special additional deductions and other deductions determined in accordance with the law.

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

Article 11. Individual income tax shall be calculated on an annual basis for the comprehensive income obtained by resident individuals; If there is a withholding agent, the withholding agent shall withhold and pay the tax on a monthly or per-time basis; If it is necessary to handle the final settlement, the final settlement shall be made within March 1 to June 30 of the following year in which the income is obtained. The withholding and prepayment measures shall be formulated by the competent tax authorities.

If a resident individual provides the withholding agent with special additional deduction information, the withholding agent shall deduct the tax withheld and paid on a monthly basis in accordance with the provisions and shall not refuse.

If a non-resident individual obtains income from wages and salaries, remuneration for labor services, author's remuneration and royalties, and has a withholding agent, the withholding agent shall withhold and pay the tax on a monthly or per-time basis, and shall not handle the final settlement.

If the annual taxable income of comprehensive income is 70,000 yuan, the individual income tax payable is 4,480 yuan, and the calculation process is as follows:

The taxable income is 70,000 yuan, more than 36,000 yuan but does not reach 144,000 yuan, corresponding to the following table, the level is 2, the tax rate is 10%, the quick deduction is 2520, and the individual income tax payable is 70,000 10%-2520=4480 yuan.

If it is the taxable income of business income, the amount of individual income tax payable is yuan, and the calculation process is as follows:

The tax income of business income is 70,000 yuan, more than 30,000 yuan but does not reach 90,000 yuan, the letter eggplant corresponds to the following table, the level is 2, the tax rate is 10%, the quick deduction is 1500, and the personal income tax payable is 70,000 10%-1500 = 5500 yuan.

The Individual Income Tax Law stipulates:

Personal Income Tax Rate:

1) For comprehensive income, a progressive tax rate of 3% to 45% is applicable;

2) For business income, an excess progressive tax rate of 5% to 35% shall be applied.

The comprehensive income of a resident individual shall be the taxable income after deducting expenses of 60,000 yuan and special deductions, special additional deductions and other deductions determined in accordance with the law.

The amount of taxable income is the total income of each tax year after deducting costs, expenses and losses.

Legal analysis: The annual salary of 700,000 yuan needs to be determined in combination with the amount of other special additional deductions such as the amount of social insurance premiums, and the specific calculation formula is: individual income tax = (annual income - five insurances and one housing fund - other deductions determined according to law - 60,000 yuan - special additional deductions) multiplied by the applicable tax rate - quick deduction.

Legal basis: Article 3 of the Individual Income Tax Law of the People's Republic of China The tax rate of individual income tax: disturbance.

1) For comprehensive income, an excess progressive tax rate of 3% to 45% shall be applied (the tax rate statement and table are 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%.

It is best to pay taxes on a monthly basis, assuming exactly 200,000 years, the average monthly is about 16,600 yuan, deducting the tax-free part of 1,600 yuan, of course, but also deducting insurance, leaking stupid provident fund and other items, which are ignored here, assuming that the monthly tax part is 15,000 yuan. According to the regulations, the tax rate of 5,000 yuan to 20,000 yuan is 20%, and the quick calculation deduction and removal amount is 375 yuan, then: tax amount = 15,000 * 20% - 375 = 2,625 yuan.

It is 31,500 yuan for the whole year.