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Is it cost-effective to deduct individual income tax annual bonus?

Released Date: Feb 12,2023 Article Source: HUANZE

As the state announced: the continuation of the year-end bonus tax and other preferential individual income tax policies. Many people will be very happy, because this is the preferential policy of individual income tax, but most people do not know the particularity of this policy, because this policy is not favorable for all people, but only for part of the income group.

As the state announced: the continuation of the year-end bonus tax and other preferential individual income tax policies. Many people will be very happy, because this is the preferential policy of individual income tax, but most people do not know the particularity of this policy, because this policy is not favorable for all people, but only for part of the income group. Today, I will discuss with you what kind of income group this preferential policy is suitable for.

1.If the current year: all income + Annual bonus - 6Ten thousand and three insurance and one gold fund - Additional deduction < 0 yuan

For this kind of income group, this policy is useless, can not bring you personal income tax benefits.

2.If the current year: all income + Annual bonus - 6Ten thousand and three insurance and one gold fund - Additional deduction < 36000 yuan

For this income group, the policy is useless because2Both methods pay the same amount of tax.

3.If the current year: all income + Annual bonus - 6Ten thousand and three insurance and one gold fund - Additional deduction >36000 yuan

For such income groups, this policy is a preferential policy, to save personal income tax, reduce the tax burden.

Is it cost-effective to deduct individual income tax annual bonus?

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