1, direct method
The total income of an enterprise in each taxable year, less non-taxable income, tax-exempted income, deductions, and allowed to make up for prior years' losses, is the taxable income.
Taxable income = total income - non-taxable income - tax-exempted income - deductions - prior years' losses
2. Indirect method
Taxable income is calculated by adding or subtracting the amount of adjustments made in accordance with the provisions of the tax law on the basis of the total accounting profit.
Taxable income = total accounting profit ± the amount of tax adjustments?
The amount of tax adjustment items includes two aspects: first, the amount to be adjusted if the financial accounting treatment of the enterprise and the tax regulations are inconsistent; and second, the amount of tax deduction allowed by the enterprise according to the provisions of the tax law.
Expanded Information
1, the comprehensive income of resident individuals, the taxable income is the balance of each tax year's income minus expenses of 60,000 yuan, as well as special deductions, special additional deductions and other deductions determined by law.
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, remuneration for manuscripts, and income from royalties shall be taxable as the amount of each income.
3. Income from business operations is taxable as the total income less costs, expenses and losses for each tax year.
4. Income from property leasing is reduced by eight hundred yuan if the income does not exceed four thousand yuan; if the income exceeds four thousand yuan, twenty percent of the expenses shall be deducted, and the balance shall be the taxable income.
5. Income from the transfer of property is taxable as the income from the transfer of property, less the original value of the property and reasonable expenses.
6. Income from interest, dividend, bonus and incidental income shall be taxable income in the amount of each income.
Income from remuneration for labor, remuneration for manuscripts, and royalties are taxable as income minus 20 percent of expenses. The amount of income from manuscripts is reduced by 70 percent.
Baidu Encyclopedia-Taxable Income