How is Dongguan City’s personal income tax calculated?

The formula for calculating personal income tax in Dongguan City is as follows:

Taxable income = Amount of pre-tax salary income - Five social insurances and one housing fund (personal payment part) - Threshold (3,500 yuan)

Tax payable = taxable income Including Hong Kong, Macao and Taiwan), the individual tax threshold should be set at 4,800 yuan. In October 2018, the personal tax threshold is planned to be adjusted to 5,000 yuan per month.

The personal income tax is the same across the country. The tax rate is: the salary minus the tax rate of 2,000 yuan. If it does not exceed 500 yuan, the tax rate is 5%. The tax rate for the amount exceeding 500 yuan to 2,000 yuan is 10%. .

Your salary is 3,500 yuan. After subtracting 2,000 yuan, it is 1,500 yuan. The calculation method is: 500X5%+1000X10%=125 yuan. Food and accommodation expenses are not fully deducted. :

Personal income tax stipulates three different tax rates based on different tax items:

For wages and salary income, 7-level excess progressive tax rates are applicable, and monthly taxable income is The amount of tax is calculated. The tax rate is divided into levels according to the individual's monthly salary and salary taxable income. The highest level is 45%, the lowest level is 3%, and the final level is 7.

The production and business income of individual industrial and commercial households and enterprises and institutions are subject to a five-level excess progressive tax rate. The production and operating income of individual industrial and commercial households and the annual taxable income from contracted operations and leasing operations of enterprises and institutions are applicable to annual calculations and monthly prepayment of taxes. The lowest level is 5%, and the highest level is 5%. Level one is 35%, ***level 5.

Proportional tax rate. Personal income tax is levied on individual income from royalties, remuneration for services, royalties, interest, dividends, dividends, income from property leasing, income from property transfer, incidental income and other income on a case-by-case basis, and a proportional tax rate of 20% is applicable. . Among them, a 20% proportional tax rate is applicable to income from author remuneration, and a tax reduction of 30% is required based on the tax payable;

If the one-time income from labor remuneration is abnormally high, in addition to being taxed at 20%, the tax rate is 20%. For the portion of income exceeding RMB 20,000 to RMB 50,000, an additional 50% of the tax payable will be added after calculating the tax payable in accordance with the tax law; for the portion exceeding RMB 50,000, an additional 100% will be levied. ”

Reference: Personal Income Tax_Baidu Encyclopedia