Monthly salary tax formula

1. The calculation formula of personal payroll tax is: tax payable (salary income-"five insurances and one gold"-deduction) × applicable tax rate-quick deduction.

2. Implement 7-level excess progressive tax rate: the deduction is 5,000 yuan.

1. What is the latest personal income tax calculation formula?

Taxable income = monthly income -5000 yuan (tax exemption)-special deduction (three insurances and one gold, etc. )-special additional deduction-other deductions determined according to law.

Payroll tax = taxable income multiplied by payroll tax rate

Special additional deductions include: children's education, continuing education, serious illness medical care, housing loan interest, housing rent, and support for the elderly.

Personal income tax rate standard:

Take the taxable income of the whole year as the standard (the comprehensive income of residents' personal income, the income of each tax year after deducting expenses of 60 thousand yuan and the balance after special additional deduction determined according to law)

Grade 1: 3% if it does not exceed 36,000 yuan.

Grade II:144,000 yuan, 10%.

Grade III: 20% of the portion exceeding144,000 yuan to 300,000 yuan.

Level 4: 25% of the part exceeding 300,000 yuan to 420,000 yuan.

Level 5: 30% of the portion exceeding 420,000 yuan to 660,000 yuan.

Level 6: 35% of the part exceeding 660,000 yuan to 960,000 yuan.

Grade 7: 45% of the part exceeding 960,000 yuan.

The calculation formula of payroll tax is:

Taxable amount = (salary income-"five insurances and one gold"-deduction) & times; Applicable tax rate-quick deduction

The tax threshold is 5000, and the calculation method of excess progressive tax rate is as follows:

1, tax amount = monthly taxable income multiplied by tax rate-quick deduction

2. Actual salary = salary payable-four gold-tax payment

3. Monthly taxable income = (salary payable-four gold) -5000.

Deduction standard: individual tax is calculated according to the threshold standard of 5000 yuan/month.

If someone's salary income is 5000 yuan, his personal income tax should be: (6000-5000)&; Times; 3%-0 = 30 (yuan).

Legal basis: Article 2 of the Individual Income Tax Law of People's Republic of China (PRC) levies individual income tax on the following personal income:

(1) Income from wages and salaries;

(2) Income from remuneration for labor services;

(3) Income from remuneration;

(4) Income from royalties;

(5) Operating income;

(6) Income from interest, dividends and bonuses;

(7) Income from property lease;

(8) Income from property transfer;

(9) Accidental income.