I believe that everyone has heard the 5,000 yuan tax threshold, if the monthly salary does not reach 5,000 yuan, it is "not eligible" to pay personal income tax, which is why many people laugh at the low salary and even do not deserve to pay the individual tax.
But many people find that the pre-tax income obviously exceeds 5,000 yuan or even reaches 10,000 yuan and does not need to pay personal tax. This article will talk to you about how much money you need to pay personal income tax every month.
The taxable portion is taxable income and not income
In most people's minds, taxation is income, but this is not the case, and the tax law allows people to deduct a portion of the total income within the prescribed range before paying tax.
The thing you get after deducting a portion of your income is called taxable income.
The level of taxable income determines the amount of personal income tax that needs to be paid, and two people with exactly the same monthly income before tax may pay different personal taxes because their taxable income is different.
The question now becomes exactly what part of the income can be deducted from the income to get the taxable income that needs to be paid.
Four major parts can be deducted from income
The existing policy gives the migrant workers four pieces that can be deducted from their income, and we will talk about them one by one.
1. Fixed deduction amount
We often say that the individual tax threshold of 5,000 yuan is extended from the fixed deduction amount.
The fixed deduction highlights the word "fixed", and every taxpayer can deduct 5,000 yuan from the income every month, which does not need to pay personal income tax, and the fixed deduction for 12 months a year is 60,000 yuan.
Therefore, for people with an average monthly salary of less than 5,000 yuan, they do not have to consider the issue of paying individual tax, because the taxable income after deducting 5,000 yuan is already less than zero.
2. Special deductions
The special deduction refers to the part of the five social insurances and one fund that needs to be borne by the individual.
Everyone should know that the five social insurances and one fund are composed of two parts, the individual payment part and the unit payment part, and the individual payment part is actually deducted from each person's pre-tax salary and uniformly paid by the unit to the social security center.
For example, Li Si's monthly pre-tax salary is 8000 yuan, and the proportion of five insurances and one gold payment is 20%, so Li Si needs to deduct 1600 yuan from his monthly salary to pay social security, his monthly special deduction is 1600 yuan, and the annual special deduction is 19200 yuan.
3. Special additional deductions
The special additional deduction consists of 6 parts, which need to be filled in by the taxpayer according to his own situation, and the main reason for the same income but different taxes is that the special additional deduction declared is different.
(1) The amount of deduction for supporting the elderly
When the parents reach the age of 60, the only child can deduct 2,000 yuan from the income every month, and deduct 24,000 yuan a year; the non-only child can negotiate or be designated by the parents to deduct the deduction, but each child can only deduct a maximum of 1,000 yuan per month and a maximum of 12,000 yuan a year.
(2) Deduction for children's education
After the child reaches the age of three, he can deduct 1,000 yuan per month and 12,000 yuan a year.
Two points need to be reminded, one is that as long as there is one child, it can deduct 1,000 yuan per month, the second-child family can deduct 2,000 yuan per month, and the three-child family can deduct 3,000 yuan per month; the second is that the monthly deduction can be placed in the income of one of the fathers or mothers, and can also be evenly apportioned.
(3) Deduction for continuing education
After work, undergraduate or graduate students can deduct 400 yuan from their income every month, a total of 4800 yuan in a year, and this policy can be enjoyed for up to four years.
On the other hand, the year in which the vocational skills qualification certificate is obtained can deduct a one-time deduction of 3600 yuan from the income.
(4) Deduction of housing loan interest
Regardless of the provident fund or commercial loan, as long as the monthly payment of the first house can be deducted 1,000 yuan per month, and the annual deduction is 12,000 yuan, this policy can enjoy the position of repaying the first home mortgage, but not more than 20 years.
(5) Rent deduction
Those who do not have housing at the main place of work and live in a rented house can enjoy the corresponding deduction by virtue of the rental contract.
Cities of different sizes can enjoy different deductions every month, large cities can deduct 1500 yuan per month, a year of deduction of 18000 yuan; medium-sized cities deduct 1100 yuan per month, a year of deduction of 13200 yuan; small cities deduct 800 yuan per month, a year of deduction of 9600 yuan.
(6) Deduction for medical expenses for serious illnesses
The portion of the self-funded medical expenses exceeding 15,000 yuan in a year can be deducted from the annual income, and the maximum deduction amount is 70,000 yuan.
4. Other deductions
Other deductions mainly have three contents, because the scope is not wide, I will not go into detail, probably to talk about it.
The three contents include occupational annuity, the purchase of commercial medical insurance and the purchase of deferred commercial endowment insurance, all of which can deduct a certain amount from income.
The example of monthly income of more than 10,000 still do not have to pay personal income tax
Seeing the cleverness here, you should be able to understand that as long as the annual taxable income is less than zero, you don't have to pay personal taxes, right?
Let's give you an example of a pre-tax income of more than 10,000 yuan and a taxable income of less than zero.
Suppose that Li Si's monthly pre-tax income is 10,000 yuan, and the annual pre-tax income is 120,000 yuan; the monthly deduction of five insurance and one gold is 2,000 yuan, and the annual deduction is 24,000 yuan; Li Si is an only child, the father is over 60 years old, working in Shanghai, and there is no housing and rent.
The additional deductions for Li Si's special project are: 24,000 yuan can be deducted for supporting the elderly, and 18,000 yuan for rent expenses, a total of 42,000 yuan.
Li Si's taxable income = 120,000 - 24,000 - 42,000 - 60,000 = -0.6 million yuan, the taxable income is less than zero, do not need to pay personal income tax.
The social security contribution ratio and the declaration amount of special additional deductions are the key
In extreme cases, people with pre-tax income of 15,000 yuan (180,000 yuan of annual pre-tax salary) may also not be required to pay a penny of personal tax, and the total amount of income that can be deducted each month is greater than 15,000, making the taxable income negative.
Among them, special deductions and special additional deductions are particularly important.
As mentioned above, the proportion of payment of five insurances and one gold is different, most of them are between 15% and 23%, the same 10,000 yuan pre-tax monthly salary, the amount of personal commitment of five insurances and one gold ranges from 1500 yuan to 2300 yuan, the maximum difference is 800 yuan, and the difference is 9600 yuan in one year.
The gap between special additional deductions is even greater, and the people who do not account for one of the six majorities deduct three or four thousand yuan less per month than those who account for several items, and the annual gap may be more than 40,000 yuan.
Let's take the example of Li Si above as an example, the income is unchanged, assuming that the monthly payment of five insurances and one gold is 1500 yuan, and the annual payment is 18000 yuan, and no conditions for any special additional deduction are met.
At this time, Li Si's taxable income = 120,000- 18,000 - 60,000 = 42,000 yuan, the corresponding tax rate is 10%, and the quick calculation deduction is 2520. According to this, Li Si needs to pay the amount of individual tax for the whole year = 42000 * 10% - 2520 = 1680 yuan.
From this example, we can see the gap, whether you need to pay individual taxes, how many taxes to pay can not only consider the fixed deduction amount of 5,000 yuan per month, but also pay attention to other items that can be deducted.