Legal Analysis
The tax rate for an individual's additional one-time income is 20% of total income. One-time bonuses paid by individual units are calculated according to the wage calculation method. The amount of personal income tax payable = taxable income - deduction standard, the applicable tax rate - quick deduction. The deduction standard is 1600 yuan/month. Up to 500 yuan, the tax rate is 5% and the quick deduction number is 0. For the portion over 500 yuan to 2,000 yuan, the tax rate is 10% and the quick deduction number is 25 For the portion over 2,000 yuan to 5,000 yuan, the tax rate is 15% and the quick deduction number is 125 For the portion over 5,000 yuan to 20,000 yuan, the tax rate is 20 % and the quick deduction number is 375 For the portion over 20,000 yuan to 40,000 yuan, tax rate 25 %, quick deduction 1375 30 %, quick deduction 3375 30 %, quick deduction 3375 35 %, quick deduction 6375 35 %, quick deduction 6375 35 %, quick deduction 6375 35 %, quick deduction 6375 35 %, quick deduction 6375 35 %, quick deduction 6375 35 %, quick deduction 6375 35 %, quick deduction 3375 35 %, quick deduction 3375 35 %, quick deduction 3375 35 %, quick deduction 3375 35 %, quick deduction 3375 35 %, quick deduction 3375 30 %, quick deduction 3375 10375 For the portion exceeding 100,000 yuan, the tax rate is 45% and the quick deduction is 1537.
Legal Basis
Regulations for the Implementation of the Individual Income Tax Law of the People's Republic of China Article 6 Scope of Individual Income under the Individual Income Tax Law: (1) Wages and Salary Income refers to wages and salaries received by an individual for the purpose of (a) Income from wages and salaries, which refers to the wages, salaries, bonuses, year-end raises, labor bonuses, allowances, subsidies, and other income related to the employment or occupation that an individual obtains as a result of his or her employment or occupation. (2) Income from remuneration for labor services refers to the income derived by an individual from the performance of labor services, including design, decoration, installation, drafting, laboratory, testing, medical, legal, accounting, consulting, lecturing, translation, reviewing of manuscripts, painting, calligraphy, sculpture, film, television, audio-recording, video-recording, performance, performance, advertisement, exhibition, technical services, referral services, brokerage services, agency services, and other income derived from labor services. (iii) Income from manuscripts is the income obtained by an individual for his/her works published or released in the form of books, newspapers and magazines. (iv) Royalty income refers to the income obtained by an individual by providing the right to use patent rights, trademark rights, copyrights, non-patented technologies and other franchises; the income obtained by providing the right to use copyrights is excluded from the income from remuneration for manuscripts. (e) business income, refers to: 1. the income obtained by individual businessmen engaged in production and business activities, the income obtained by investors of sole proprietorships and individual partners of partnerships from the production and operation of sole proprietorships and partnerships registered in the country; 2. the income obtained by individuals engaged in schooling, medical care, consulting and other paid service activities in accordance with the law; 3. the income obtained by individuals from contracting enterprises and institutions, Individuals to enterprises, institutions, contracting, leasing and subcontracting, subletting income; 4. Individuals engaged in other production, business activities income. (6) Interest, dividend and bonus income refers to the interest, dividend and bonus income derived from the ownership of debt and equity. (vii) Income from property leasing refers to the income obtained by an individual from the leasing of real estate, machinery and equipment, vehicles and vessels, as well as other property. (viii) Income from transfer of property refers to the income derived from the transfer of securities, equity shares, shares of property in partnerships, real estate, machinery and equipment, vehicles and vessels, and other property. (ix) Incidental income refers to the income derived by individuals from winning prizes, jackpots, lotteries and other incidental income. If it is difficult to define the taxable income items of the income obtained by an individual, the competent tax authorities of the State Council shall determine them.