The latest regulations for entering and leaving Hefei now

Not only the excess, but all the amounts will be levied after reaching the threshold, and the tax will be levied in full according to the income.

The starting point is the starting point for the taxable object to reach a certain amount and start taxation. Exempted amount is the amount exempted from taxation in the total amount of taxable objects. Both the threshold and the exemption amount are the boundaries of whether or not to levy taxes. For taxpayers, if the income does not reach the threshold or exceeds the exemption amount, no tax will be levied. The difference between the two is: first, when the taxpayer's income just reaches the threshold, it will be taxed, while when the taxpayer's income is just the same as the exemption amount, it will not be taxed. Second, when taxpayers' income exceeds the threshold, they should be taxed in full according to their income. When the taxpayer's income exceeds the exemption amount, only the excess is taxed. Compared with the two, the tax burden of taxpayers enjoying the exemption amount is lighter than that of taxpayers enjoying the same threshold. In addition, the threshold can only take care of some taxpayers, while the exemption amount can take care of all taxpayers within the scope of application.