The first thing to say is that the computer side of Toutiao can no longer be withdrawn, and all operations must be completed on the mobile phone. When you try to withdraw money from your phone, you will be prompted as follows.
Before withdrawing money, you need to complete the real-name authentication of the payment, which can be different from the real-name authentication of Toutiao, and then bind the bank card. The operation entrance is my->wallet-> payment management, just follow the prompts.
Here's a breakdown of the specific withdrawal steps.
Withdrawals are allowed every Thursday from 9 a.m. to 11 p.m. Click Withdraw directly to enter the withdrawal process.
You'll notice that the amount you can withdraw is different from what you'll see in the Creator Center because there's no tax deduction. According to the Individual Income Tax Law of the People's Republic of China, individuals are required to pay individual income tax when they receive remuneration for labor services. The calculation and payment of the relevant individual income tax will be handled by Toutiao. You see that your amount is after taxes. Don't worry about miscalculation, you just need to know about personal tax. Individual income tax payment information can be queried in the [Individual Income Tax App].
Here are a few things to look out for:
- The amount of tax deduction is not related to the month in which the income is generated, but only to the natural month in which the withdrawal is made.
- If you withdraw two or more cash in the same calendar month, you will need to accumulate tax deductions.
- The individual income tax on withdrawals is calculated separately each month and is not accumulated to the next month.
- There is a tax exemption of 8000 per month.
The specific calculation formula is as follows:
The total amount of your monthly withdrawals is calculated according to the row corresponding to the table below. The basic step is to calculate the taxable income first, and then calculate the individual income tax according to the tax rate, and the pre-tax amount minus the individual income tax is the amount that can be withdrawn.
You don't have to worry about the sudden increase in taxes across a level, they are all growing continuously.
It is said that the withdrawal of individual income tax can be refunded when the individual income tax is paid in the second year, and I will experience it again and tell you.
Here's a screenshot of my withdrawal process. Every step of the headline is relatively clear.
My withdrawal amount is 3150.64, 2680.52 after tax, and 470.12 tax paid. Exactly in line with the rows in the table above that are greater than 800 and less than 4000. The taxable income is 3150.64-800 = 2350.64, the individual income tax is 2350.64×0.2 = 470.12, and the withdrawable income is 3150.64-470.12 = 2680.52 This is not at all different from the figure calculated by Toutiao.
Are you surprised by this result?
I have a lesson that I didn't withdraw in the first month, and I wasted 800 tax exemption and 160 yuan.
If you still don't understand something, let me know in the comment area, and I'll try to answer it!