The forms of individual income include cash, in-kind, marketable securities and other forms of economic benefits. If the income is in kind, the taxable income shall be calculated in accordance with the price stated on the voucher obtained; if there is no voucher in kind or the price stated on the voucher is obviously low, the taxable income shall be approved with reference to the market price. If the proceeds are securities, the taxable income shall be approved according to the face price and the market price. If the proceeds are other forms of economic benefits, the taxable income shall be approved with reference to the market price.
On the issue of total wages, you can also refer to the following document:
State Taxation Letter [2009] No. 3
Two, on the issue of total wages and salaries
The "total wages and salaries" referred to in Articles 40, 41 and 42 of the Implementing Regulations refers to the total amount of wages and salaries actually paid by the enterprise in accordance with the provisions of Article 1 of this Circular, and refers to the total amount of wages and salaries actually paid by the enterprise in accordance with the provisions of Article 1 of this Circular. The "total wages and salaries" referred to in Articles 40, 41 and 42 of the Implementing Regulations refers to the total amount of wages and salaries actually paid out by an enterprise in accordance with the provisions of Article 1 of this Circular, excluding the enterprise's employees' welfare expenses, employees' education expenses, labor union expenses, and social insurance premiums such as old-age insurance premiums, medical insurance premiums, unemployment insurance premiums, work-related injuries premiums and maternity insurance premiums, as well as the housing fund. The wages and salaries of enterprises of a state-owned nature shall not exceed the limited amount granted by the relevant government departments; the excess shall not be counted as part of the total wages and salaries of the enterprise, nor shall it be deducted in calculating the taxable income of the enterprise.
The following items in the gross salary are not subject to individual income tax:
1. one-child allowance;
2. subsidies, allowance differentials, and side-food subsidies for family members not included in the gross basic salary in the implementation of the civil service payroll system;
3. child-care subsidies;
4. travel allowances and meal allowances.
Withholding accounting treatment:
When accruing: Debit: Administrative Expenses - Salary
Loan: Employee Compensation Payable - Salary
Borrow: Employee Compensation Payable - Salary
Loan: Taxes Payable - Individual Income Tax Payable
When paying: Debit: Taxes Payable - Individual Income Tax Payable
Loan: Bank Deposit< /p>
Please reply promptly if adopted