Why deduct personal income tax of 525 yuan for half a year?

That's what you pay on your salary.

Income from wages and salaries obtained by individuals refers to the wages, salaries, bonuses, year-end salary increases, labor bonuses, allowances, subsidies and other income related to the position or employment obtained by an individual as a result of his or her position or employment.

Income from wages and salaries shall be calculated and paid according to the following steps:

After obtaining the salary income every month, the basic endowment insurance, medical insurance, unemployment insurance, and the housing provident fund paid according to the standard stipulated by the provincial level are subtracted, and then the deduction of 1,600 yuan per month is subtracted (** income abroad and the income of foreigners, overseas Chinese and Hong Kong, Macao and Taiwan compatriots in China can also be deducted 3,200 yuan per month), which is the taxable income, and the individual income tax is calculated and paid at a nine-level excess progressive tax rate of 5% to 45%.

Income from wages and salaries is subject to the individual income tax rate table.

Progression: Taxable income for the whole month (the balance of monthly income after deducting expenses).

Tax rate ( ).

Quick calculation deduction (yuan).

1.5 quick calculation deduction (yuan) of no more than 500 yuan 0

2.The part exceeding 500 yuan to 2000 yuan 10 Quick calculation deduction (yuan) 25

3 .The part exceeding 2,000 yuan to 5,000 yuan 15 Quick calculation deduction (yuan) 125

4 .The part exceeding 5,000 yuan to 20,000 yuan 20 quick calculation deduction (yuan) 375

5 .The part exceeding 20,000 yuan to 40,000 yuan 25 Quick calculation deduction (yuan) 1375

Taxable income Total of taxable wages and salaries deducted.

Tax Payable Taxable Income Applicable tax rate (calculated in tiers).

Since the excess progressive tax rate is applicable to the income from wages and salaries, the individual income tax amount can be calculated using the quick deduction method, and the calculation formula is: (see the attached table for the quick deduction).

Tax Payable Taxable Income Applicable Tax Rate Quick Deduction.

The half-year individual income tax is 525, the average monthly tax deduction yuan, calculated according to the new standard (1600 tax point), your monthly salary is 2725 yuan, that is:

2725-1600)*1%-25(Quick deduction)=

Month * 6 months = 525 yuan.

The individual income tax is deducted 5,000 yuan a year, and the annual income is 100,300 yuan.

If the tax is deducted according to the 7-level excess progressive tax rate (exemption of 3,500 yuan) adjusted from September 1, 2011, then the annual tax of 5,000 yuan paid by the individual should be 100,300 yuan. The individual income tax paid is divided for 12 months: 5000 12 = yuan month, and the monthly income is x, (x-3500) x20 100-555 = yuan month, and the total salary of the whole year is the first year.

Individual income tax payment rate:

According to international experience, the direction of future tax reform will inevitably be differentiated taxation according to the income burden of different individuals, more and more tax shifts to deduction items, and the scope of comprehensive taxation will be further expanded.

In particular, in the future, once relevant income that cannot be withheld at source is included, such as capital gains, which are very likely to cause tax evasion.

At present, the threshold of individual income tax in China is 5,000 yuan, and the progressive tax rate of individual income tax is adopted. The specific calculation formula is: the amount of personal income tax payable = the taxable income multiplied by the corresponding tax rate Quick deduction.

It is the amount of individual income tax payable. <>

Salary after tax deduction threshold: 1878 20% = 9390 yuan.

Total income: 9390 + 5000 yuan = 14390 yuan.

The pre-tax salary is 1878 yuan, and the social security provident fund is based on the minimum base.

The after-tax salary is RMB.

Legal analysis: Individual income tax is deducted throughout the year, according to the law, taxpayers who do not have a corresponding withholding agent shall submit a tax return to the tax authorities within 15 days of the next month after obtaining the income, and pay the tax payment. Therefore, when a taxpayer obtains his or her own legal income, he or she needs to pay taxes before the 15th day of the next month after obtaining his legal income, and he needs to pay taxes every month after he obtains his legal income, so he needs to pay taxes throughout the year.

At the same time, according to the relevant laws of our country, the individual income tax is subject to an excess progressive system, and if it meets the requirements, it is necessary to pay a maximum of 45% of the income tax.

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

Article 1 An individual who has a domicile in China, or who has no domicile and has resided in China for a total of 183 days in a tax year, is a resident individual. Resident individuals shall pay individual income tax on income derived from within and outside China in accordance with the provisions of this Law. Individuals who have no domicile and do not reside in China, or who do not have domicile and have resided in China for less than 183 days in a tax year, are non-resident individuals.

Non-resident individuals shall pay individual income tax on their income derived from within the territory of China in accordance with the provisions of this Law. The tax year begins on January 1 and ends on December 31 of the Gregorian calendar.

Article 13 Where a taxpayer obtains taxable income without a withholding agent, it shall submit a tax return to the tax authorities within 15 days of the month following the month in which the income is obtained and pay the tax. If a taxpayer obtains taxable income and the withholding agent fails to withhold the tax, the taxpayer shall pay the tax before June 30 of the following year in which the income is obtained; If the tax authorities notify the taxpayer to pay the tax within the time limit, the taxpayer shall pay the tax within the time limit. If an individual resident obtains income from outside China, he or she shall file a tax declaration within March 1 to June 30 of the year following the year in which the income is obtained.

If a non-resident individual obtains income from wages and salaries from two or more sources within the territory of China, he or she shall file a tax declaration within 15 days of the month following the month in which the income is obtained. If a taxpayer cancels his/her household registration in China due to emigrating abroad, he/she shall go through the tax liquidation before cancelling his/her household registration in China.

Summary. If the personal income tax is 500 yuan, his income is about 21,700 yuan.

If the personal income tax is 500 yuan, his income is about 21,700 yuan.

2. The formula for calculating taxable income: taxable income = monthly income - 5,000 yuan (minimum tax point) - special deduction (three insurances and one housing fund, etc.) - special additional deduction - other deductions determined according to law. (The threshold is set at 5,000 yuan per month.)

The new IIT Law stipulates that the comprehensive income of a resident individual shall be the taxable income after deducting expenses of 60,000 yuan from the income of each tax year, as well as special deductions, special additional deductions and other deductions determined in accordance with the law. ）