It is the state regulations for the deduction of 2000 yuan of basic living expenses more than 2,000 yuan on the personal income tax is not more than 500 yuan, the tax rate of 5%, the number of quick deductions for 0; more than 500 yuan to 2,000 yuan of the part of the tax rate of 10%, the number of quick deductions for 25;
More than 2,000 yuan to 5,000 yuan of the part of the tax rate of 15%, the number of quick deductions for 125; more than 5,000 yuan to 20,000 yuan of the part of the tax rate of 20%, the number of quick deductions for 375. 125; the part exceeding 5,000 yuan to 20,000 yuan, the tax rate is 20 %, and the quick deduction is 375.
According to Article 2 of the Individual Income Tax Law of the People's Republic of China*** and the State of China? The following individual incomes shall be subject to individual income tax:
(i) income from wages and salaries;
(ii) income from remuneration for labor;
(iii) income from manuscripts;
(iv) income from royalties;
(v) income from business;
(vi) income from interest, dividends and bonuses;
(vii) income from property leasing;
(viii) income from property transfer;
(ix) incidental income.
Resident individuals obtaining income from the first to the fourth items of the preceding paragraph (hereinafter referred to as comprehensive income) shall calculate individual income tax on a consolidated basis according to the taxable year, while non-resident individuals obtaining income from the first to the fourth items of the preceding paragraph shall calculate individual income tax on a monthly basis or on a sub-item basis. Taxpayers obtaining income from the fifth to ninth items of the preceding paragraph shall calculate individual income tax separately in accordance with the provisions of this Law.
Expanded Information:
Individual income tax provides for three different tax rates based on different taxable items:
1. Income from wages and salaries is subject to a seven-tier overly progressive tax rate, and is taxed based on monthly taxable income. The rate is divided into bands according to the individual's monthly taxable income from wages and salaries, with the highest band at 45% and the lowest at 3%,**** 7 bands.
2. The 5-tier super progressive tax rate is applied to the production and business income of individual industrial and commercial households and to enterprises and institutions. Apply the annual taxable income of individual industrial and commercial households of production, business income and to enterprises and institutions of contracting and leasing business of the annual taxable income divided into grades, the lowest level of 5%, the highest level of 35%, ****5 levels.
3, proportional tax rates. Individual income tax is levied on the individual's income from remuneration for articles, remuneration for labor, royalties, interest, dividends, bonuses, property leases, property transfers, incidental income and other income on a sub-calculated basis, with a proportional tax rate of 20%.
Of these, a proportional tax rate of 20% is applied to the income from manuscripts and a 30% reduction is applied to the taxable amount; in addition to the 20% tax on the abnormally high one-time income from remuneration for labor, the taxable income exceeding 20,000 yuan to 50,000 yuan is calculated in accordance with the provisions of the Tax Law and then an additional levy of 50% is imposed on the taxable amount; and for the portion of the taxable amount exceeding 50,000 yuan, an additional levy of 10% is imposed.
Baidu Encyclopedia - Individual Income Tax Starting Point