1. The items that can be deducted from personal income tax include:
(1) social insurance premiums;
(2) housing provident fund;
(3) annuities;
(4) commercial health insurance;
(5) public welfare donations;
(6) special Deductions include children's education expenses, continuing education expenses, medical expenses for major illnesses, interest on housing loans, housing rent and expenses for supporting elderly children.
The scope of individual income tax includes:
The scope of individual income tax includes:
1. Wages and salaries, wages, salaries, bonuses, year-end raises, labor bonuses, allowances, subsidies, and other incomes related to employment or employment;
2. Remuneration for labor, income for individuals Income from design, laboratory, testing, medical, legal, accounting, decoration, installation, drafting, consulting, lecturing, painting, calligraphy, sculpture, translation, film and television, sound recording, auditing, video recording, performance, advertisement, exhibition, performance, and technical services;
3. Income from remuneration for manuscripts, which is the income that an individual receives from the publication and dissemination of his or her work in the form of a book, newspaper, or other form of publication. Note that the income obtained by an individual by providing the right to use copyrights is not included in the income from manuscripts;
4. Royalty income, the income obtained by an individual by providing the right to use patents, trademarks, copyrights, non-patented technologies, and other franchises;
5. Business income, including the income obtained by an individual industrial or commercial enterprise from engaging in production and business activities; and the investor of a wholly owned individual enterprise, Individual partners of partnerships derive their income from the production and operation of sole proprietorships and partnerships registered in the country; individuals' income from running schools, medical treatment, consulting and other paid service activities in accordance with the law; individuals' income from contracting, leasing, subcontracting and subletting to enterprises and institutions, as well as income from other production and operation activities;
6. Interest, dividends and bonus income. Income from interest, dividends and bonuses obtained by individuals owning debentures, shareholdings, etc.
7. Income from property leasing, income obtained by individuals from renting out immovable property, machinery and equipment, vehicles and vessels, as well as other property;
8. Income from property transfer, income obtained by individuals from transferring securities, shareholdings, shares of property in partnerships, immovable property, machinery and equipment, vehicles and vessels, as well as other property;
9. other property;
9. Incidental income, individuals win prizes, jackpots, lotteries and other incidental income.
Legal basis:
Article 6 of the Individual Income Tax Law of the People's Republic of China
Calculation of Taxable Income:
(1) The consolidated income of a resident individual shall be the taxable income after deducting the expenses of 60,000 yuan as well as the special deductions, special additional deductions and other deductions determined by law from the income of the resident individual in each tax year.
(2) Income from wages and salaries of non-resident individuals shall be taxable as the balance of monthly income less expenses of five thousand yuan; income from remuneration for labor services, remuneration for manuscripts, and income from royalties shall be taxable as the amount of each income.
(3) Income from business operation shall be the taxable income after deducting costs, expenses and losses from the total income of each taxable year.
(4) Income from property leasing, if each income does not exceed four thousand yuan, less eight hundred yuan of expenses; if four thousand yuan or more, less twenty percent of the expenses, and the balance is the taxable income.
(5) Income from the transfer of property shall be taxable as the income from the transfer of property, less the original value of the property and reasonable expenses.
(vi) Income from interest, dividends, bonus and incidental income shall be taxable income in the amount of each income.
Income from remuneration for labor, remuneration for manuscripts, and royalties shall be the amount of income less twenty percent of expenses. The amount of income from manuscripts is reduced by 70 percent.
Individuals who donate their income to education, poverty alleviation, relief and other public welfare and charitable causes, and the portion of the donation that does not exceed thirty percent of the taxable income declared by the taxpayer, can be deducted from their taxable income; if the State Council prescribes full pre-tax deduction of public welfare and charitable cause donations, it shall be subject to its regulations.
The special deductions stipulated in the first paragraph of this article include the basic pension insurance, basic medical insurance, unemployment insurance and other social insurance premiums paid by individual residents in accordance with the scope and standards prescribed by the state and housing fund; special additional deductions, including children's education, continuing education, medical treatment for serious illnesses, interest on housing loans or housing rents, and expenditures for supporting the elderly, with the specific scope, standards and implementation steps to be determined by the State Council and reported to the State Council. implementation steps determined by the State Council and reported to the Standing Committee of the National People's Congress for the record.