1. Interest income obtained by individuals from short-term wealth management products of banks belongs to the category of taxable income;

2. Pay personal income tax when the income reaches the statutory tax starting point;

3. The bank withheld and remitted personal income tax at a tax rate of 20%;

4. The tax rate of income obtained by enterprises through wealth management is 3%;

5. Individuals need to file tax returns before paying taxes.

Personal financial investment channels:

1, bank wealth management products;

2. Stock market;

3. Bond market;

4. Fund investment;

5. Insurance products;

6. precious metals investment such as gold and foreign exchange;

7. Real estate market;

8. Internet financial platform.

There are various investment channels for personal finance, and each channel has its own characteristics and risks. Bank wealth management products are usually safe, but the income is relatively low; The stock market and bond market may have higher returns, but there are also risks; Fund investment can spread risks and is suitable for investors who are not familiar with the market; Insurance products have both investment and security functions; Precious metals investment such as gold and foreign exchange is greatly affected by market fluctuations; The real estate market has a long investment cycle and a large capital occupation; Internet financial platform provides a new way of investment, but it also has certain risks.

To sum up, the interest income obtained by individuals from short-term wealth management products of banks is subject to personal income tax. When the legal starting point is reached, the bank will withhold and pay the tax rate of 20%, while the corporate wealth management income will be paid at the tax rate of 3%. Individuals must complete the tax declaration before paying taxes.

Legal basis:

People's Republic of China (PRC) and national tax law

Article 6

(5) For the income from property transfer, the taxable income shall be the balance after deducting the original value of the property and reasonable expenses from the income from property transfer. (6) Interest, dividends, bonus income and contingent income shall be limited to the taxable income each time.

Article 12

Taxpayers' income from interest, dividends and bonuses, income from property leasing, income from property transfer and accidental income shall be calculated on a monthly or quarterly basis. If there is a withholding agent, the withholding agent shall withhold and pay taxes on a monthly or quarterly basis.