Personal income tax on prizes will be paid at the annual meeting of the company.

1. How to calculate the year-end bonus 1 personal income tax, and the applicable tax rate for the year-end bonus personal income tax: after the total amount of year-end bonus/12, the applicable tax rate for year-end bonus = total amount of year-end bonus × applicable tax rate for year-end bonus-quick deduction. 2. The calculation formula of payroll tax = (payroll income-"five insurances and one gold"-deduction) × applicable tax rate-quick deduction 3. The tax exemption is 3500, and the tax is paid by the calculation method of excess progressive tax rate = taxable income for the whole month * tax rate-quick deduction = paid wages-four gold-paid taxes. Monthly taxable income = (salary payable-four gold) -3500 4. Deduction of standard tax is calculated according to the threshold standard of 3500 yuan/month. 2. Who needs to pay personal income tax 1. The taxpayers of personal income tax in China are people who live in China and individuals who do not live in China but get income from China, including citizens in China, foreigners who get income from China and Hongkong people. 2. A resident taxpayer who has a domicile in China, or an individual who has lived in China for 1 year without a domicile, is a resident taxpayer and bears unlimited tax payment obligations, that is, he shall pay personal income tax according to law on his income obtained in China and abroad. 3. non-resident taxpayer has neither a domicile nor a residence in China, or an individual who has lived in China for less than one year is non-resident taxpayer, whose tax liability is limited, and only his income obtained from China is subject to personal income tax according to law.