Commercial insurance tax relief policy

The deduction standard of personal income tax commercial insurance is: the expenses of individuals purchasing commercial health insurance products that meet the requirements in the pilot area are allowed to be deducted before tax when calculating the taxable income of the current year (month), and the deduction limit is 2400 yuan/year (200 yuan/month). The expenses incurred by enterprises and institutions in the pilot areas for employees to purchase commercial health insurance products that meet the requirements shall be included in the employees' personal wages and salaries, regarded as individual purchases, and deducted according to the above limits. The limit deduction of 2400 yuan/year (200 yuan/month) exceeds the expense deduction standard stipulated in the individual income tax law.

Not enough social security? The correct order of buying insurance is this.

It should be noted that not all commercial health insurance can be tax-free and not all people can buy it. Taxpayers who apply preferential tax policies for commercial health insurance generally refer to individuals who have obtained wages, salaries and continuous labor remuneration in pilot areas, as well as individual industrial and commercial households, individual partners, contractors and sole proprietorship investors who have obtained income from production and operation of individual industrial and commercial households and contracted and leased operations of enterprises and institutions.

Tax-deductible commercial insurance generally refers to a comprehensive health insurance product developed by the CIRC and jointly issued by the Ministry of Finance and State Taxation Administration of The People's Republic of China, which is suitable for the public and meets the requirements, such as tax-excellent health insurance.

Test your anti-risk index, and experts will interpret it for you for free!