2. The user provides the tax priority identification code and corresponding certification materials to the financial department of the company, and the accountant applies to the tax payer for tax deduction, and deducts certain taxes and fees when calculating personal income tax.
The above is the relevant content of how to deduct individual tax commercial health insurance.
Introduction of personal tax relief for commercial health insurance
There is an upper limit for the pre-tax deduction of commercial health insurance. The pre-tax deduction limit is 200 yuan RMB per month and 2400 RMB per year. If the insured buys large personal tax premium health insurance, he can pay less personal income tax in 40 yuan every month. When purchasing commercial health insurance, the insured should pay attention to that if there is no tax preference identification code on the commercial insurance policy, it is impossible to enjoy the deduction policy. The tax preference identification code is usually printed on the upper right of the insurance policy.
The Relationship between Commercial Health Insurance and Social Medical Insurance
Social medical insurance is a guarantee mechanism established by the state, which enables China citizens to get compensation and help when they are old, sick, laid off and unable to work. Social medical insurance is compulsory, as long as employees of urban enterprises have to buy it, and the insurance costs are borne by individuals, companies and government departments in proportion. Its goal is to ensure the minimum living of workers and maintain social stability. Commercial health insurance is usually based on contract. When the insured dies, is disabled, falls ill or reaches the collection period and age, the insurance company will make claims. The insured may choose to buy or not to buy voluntarily, and the insurance expenses shall be borne by the insured personally. Social medical insurance has the advantages of unlimited purchasing groups, wide coverage, low insurance cost and low compensation threshold, but there are also some shortcomings, and the level of social medical insurance protection is low. The payment standard of social medical insurance is to ensure the minimum living of the insured, which is far from enough for the insured who pursue a high-quality life. In addition, the types and functions of social medical insurance are single, which can not meet the differentiated requirements of different social classes. Commercial health insurance provides a large number of choices for policyholders by designing different interest rates and different products. Generally speaking, social medical insurance focuses on protection, while commercial health insurance focuses on compensation, and the two complement each other. This paper mainly writes about how to deduct relevant knowledge points from individual tax commercial health insurance, and the content is for reference only.