The end of the year is approaching, and the final settlement of individual income tax is coming. Have you made it clear how to calculate the tax for the comprehensive income of individual residents? Let's share the following:

1. Comprehensive income obtained by individual residents shall include income from wages and salaries, income from remuneration for services, income from writing remuneration and income from royalties.

Ii. Recognition of taxable income:

(1) Income from wages and salaries: fully included in the amount of income

(2) Income from remuneration for service and royalty: The amount of income refers to the actual income from remuneration for service and royalty80%

(3) Remuneration: The amount of income refers to the actual income from remuneration for writing56%(80% ×70%)

Iii. Deduction Items:

(1(Basically minus expenses6Ten thousand yuan

(2Special deduction: three insurance and one fund borne by individuals

(3) Special additional deductions

(4) other deductions as determined by law

Iv. Tax calculation formula: annual tax payable=∑(annual taxable income for each level×Applicable tax rate for corresponding series)=Annual income-60000yuan-Special deduction-Enjoy special additional deductions-Other deductions enjoyed)×Applicable tax rate-Quick deduction

Case: A resident surnamed Li is the only child.2020After paying social security and housing provident fund, the annual pre-tax wage income is obtained25Ten thousand yuan, labor remuneration income6Ten thousand yuan, remuneration1Ten thousand yuan, royalty1Ten thousand yuan. Lee has two children in elementary school, and both of them are subject to additional deduction for their children's education. Lee's parents are both alive and have reached their age60One year old. No other deductions, assuming tax has been paid in advance2How much individual income tax should be paid for the whole year?

()1Annual taxable income=250000+60000×(1-20%)+10000×(1-20%)×70%+10000×(1-20%)-60000-12000×2-24000= 311600-108000=203600(Yuan)

(2) tax payable=203600×20%-16920=23800(Yuan)

(3) the amount of tax payable=23800-20000=3800(Yuan)

Policy basis: Individual Income Tax Law of the People's Republic of China

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