Text/Lu Man
Editor/Sara
When making settlement and settlement, you can’t figure out what is “comprehensive income”? How are different personal incomes taxed? Today’s article will teach you how to distinguish the nine major categories of personal income tax and the tax deduction methods.
The nine major categories of personal tax
wages and salaries, labor remuneration, author remuneration, royalties , operating income, income from property transfer, income from property leasing, income from dividends, interest and bonuses, and incidental income. The first four items are called "comprehensive income" and need to be consolidated and settled.
Withholding and payment
Withholding and payment refers to a method in which, according to the tax law, units and individuals with the obligation to withhold tax are responsible for withholding and remitting the tax payable by taxpayers.
That is, when the payer pays the taxpayer, the tax will be directly deducted from the payment and paid on his behalf in accordance with the law. Its purpose is to implement source control over tax sources that are scattered and difficult to control.
Final settlement
Final settlement refers to the summary settlement and settlement of income tax and certain other taxes that require prepayment of taxes after the end of the year. Income tax and other taxes are usually calculated based on the taxpayer's annual taxable income. After the end of the year, taxes are calculated based on the annual taxable income and the tax rate stipulated in the tax law.
In order to ensure that taxes are paid into the treasury in a timely and balanced manner, in actual work, the collection method of prepaying taxes on a monthly or quarterly basis, settling the final settlement at the end of the year, and refunding the excess and making up for the shortfall is generally adopted in actual work. Prepayment is divided into months and quarters. Generally, the tax payable is calculated based on the taxpayer's tax basis for this quarter (month). It is often difficult to completely match the tax basis for the annual final account. Therefore, after the end of the year, a summary calculation must be made based on the taxpayer's financial final account to pay the tax. Any excess tax paid in advance will be refunded or compensated.
tax is fully covered. Which type of taxpayer are you?
Income from wages and salaries - "workers" in the workplace
need to sign a labor contract with the employer. The employer pays social security for them in accordance with the law. Generally, a work system of no more than 8 hours a day and no more than 40 hours a week is followed. The salary is usually monthly, and the employer sets it by itself, such as commissions, bonuses, subsidies, etc. Personal tax is withheld and paid by the employer according to "wage and salary". The tax rate is as follows:
Each person has an exemption amount of 60,000 yuan per year, that is, the monthly exemption amount of 5,000 yuan for special deductions (social security) and special additional deductions (support for parents, children's education, etc.) can be deducted when declaring wages and salaries, or when the comprehensive income is settled and settled in the following year.
For example
If your monthly income is 12,000 yuan, special deductions and special additional deductions are 4,000 yuan (including 1,000 yuan/month for children’s education, 2,000 yuan/month for supporting the elderly, and 1,000 yuan/month for renting a house), at which level do you need to pay taxes? How much tax do you pay?
First subtract the exempt part: 12,000 yuan - 5,000 yuan = 7,000 yuan
Then subtract the special deduction part: 7,000 yuan - 4,000 yuan = 3,000 yuan
corresponds to the above table and meets the level 1 tax standard, tax payable = taxable income × applicable tax rate - quick calculation deduction,
That is: 3000*3%-0=90 yuan/month
income from labor remuneration - part-time workers who do odd jobs
If you have not signed a labor contract with the employer, you can sign/agree on a labor contract, and the employer does not need to pay social security for you. Generally, the cumulative working hours in the same employment unit shall not exceed 24 hours a week, and the salary can be settled daily or weekly, and the settlement period shall not exceed half a month at most. Individual income tax is withheld and paid by the employer in accordance with "remuneration for labor services".The tax rate is as follows:
Income from royalties - literati
Royalties refer to the income obtained from the publication and publication of their works in the form of books, newspapers and periodicals. The royalties are usually paid to the authors by the publisher, and the personal tax is withheld and paid by the paying unit/individual on a monthly/per-time basis. The tax rate is as follows:
Royalty income - People who like to study
Royalty fees refer to the income obtained by individuals from providing patents, trademarks, copyrights, non-patented technologies and other franchise usage rights. The individual tax is withheld and paid by the paying unit/individual on a monthly/per-time basis. The tax rates are as follows:
The above four comprehensive income taxes have different calculation methods and tax rates when calculating the tax amount at the prepayment level, but that is not important, because their "four brothers" need to pay the tax from March 1 to June of the following year. Within 30 days, the consolidated taxable income will be settled and settled, and any excess will be refunded and less will be paid, according to the following tax rate:
How to calculate tax on business income?
The fortune teller who runs a stall (personally engages in consulting work), the proprietress who sells donkey meat on fire at the bottom of the community (self-employed), the idol who always uses the studio to issue statements (sole proprietorship), and the legal beauty (partnership), the business income is reported by the operator on a per-time/monthly/quarterly basis. The tax rate is as follows:
Another type of declaration of business income-approved collection
Donkey meat on fire boss lady does not keep accounts, how to tax? You can't have the tax authorities send people to check every day to verify how many kilograms of donkey meat you bought and how much dough you kneaded, eh. . . It's not impossible, but the cost of enforcement is too high, so it's simple, just multiply the turnover by a fixed ratio and pay taxes. For example, the income in the first quarter is 200,000 yuan. Assuming that the approved tax rate given by the tax bureau is 0.5%, the proprietress of donkey meat roasting in the first quarter should pay 200,000 yuan * 0.5% = 1,000 yuan
Income from property transfer - the property transferee will withhold and pay individual tax on a monthly basis in the month after payment, and the securities trading agency will withhold and pay it on behalf of the stock trading agency. The tax rate is: 20%
Calculation formula: Taxable income = Total income - Original value of the property - Reasonable expenses
Taxable amount = Taxable income × Applicable tax rate (20%)
Income from property rental - "Charterer"
The landlord's income shall be declared on a monthly basis/month after the landlord has collected the rent. The tax rate is 20%, but income from residential housing rented by individuals at market prices has been temporarily reduced to 10% since January 1, 2001. Personal income tax ,
If the income per time (monthly) does not exceed 4,000 yuan:
Taxable income = amount of income per time (monthly) - allowed deduction items - repair costs Use (limited to 800 yuan) - 800 yuan
Taxable amount = taxable income * 20%
If each (monthly) income exceeds 4,000 yuan:
Taxable income = [each (monthly) income - allowed deduction items - repair costs (limited to 800 yuan)] * (1~20%).
Taxable amount = taxable income * 20%
Dividends, interest and dividends - "capitalist"
shareholders' dividends need to be withheld and paid by enterprises when making distributions, private individual loan interest, self-declaration, dividends to shareholders, securities institutions withheld and paid by issuing companies, the tax rate is 20%.
Accidental income - Lady Luck came to my house
I accidentally won 5 million in the lottery, or I drew a BMW worth 1 million in the annual meeting lottery. Lucky people also have to pay taxes. How do I pay the tax? The lottery station withholds and pays the prize during redemption, and the company's big BMW withholds and pays during the transfer of ownership, and the tax rate is 20%.
