I. Positive Answers
Calculation of Individual Income Tax on Income from Property Leasing:
1. If the income is less than 4,000 yuan each time, the taxable amount = (income-800) × 20%;
2. If the income is more than 4,000 yuan each time, the taxable amount = income × (1 -20%) × 20%.
2. Individuals obtaining property leasing income to pay individual income tax is as follows: property leasing income, refers to individuals leasing buildings, land use rights, machinery and equipment, vehicles and ships, as well as other property income. The taxable income from property leasing = each time the property leasing income - reasonable expenses - expense deduction standard reasonable expenses include the following items:
(1) taxpayers in the process of leasing property to pay taxes, education surcharges, can be deducted from the income from property leasing with the tax clearance certificate.
(2) The repair costs actually incurred for such rented property borne by the taxpayer, which must be expenses actually incurred and for which valid and accurate vouchers can be provided, are limited to 800 yuan per deduction, and if the deduction is not complete at one time, it may continue to be deducted until the deduction is complete. The standard deduction for expenses is: if each income does not exceed 4,000 yuan, 800 yuan can be deducted; if each income exceeds 4,000 yuan, 20% of the income can be deducted. The applicable tax rate for personal income tax on property rental income is 20%. The formula is: personal income tax payable = taxable income × 20%
Three definitions
Taxpayers who pay taxes and education surcharges in the process of renting out property can deduct them from their property rental income with the tax payment vouchers. Deductions are allowed in addition to the prescribed fees and duties, fees, but also allowed to deduct the cost of repairs and maintenance of the leased property that can provide valid and accurate evidence that the taxpayer is responsible for the actual expenses of the leased property