Other income includes:
(1) An individual received the honorary bonus for academicians of the Chinese Academy of Sciences issued by the "Cai Guanshen Academician of the Chinese Academy of Sciences Honors Foundation".
(2) Individuals receive savings bonuses paid by the banking sector at an amount that exceeds the nationally prescribed interest rates and value preservation subsidy rates.
(3) Free benefits and preferential treatment received by individuals due to payment of relevant insurance premiums by the employer.
(4) Interest (or similar income paid in other names) paid by the insurance company to the life insurance customers who have not been insured during the policy period based on the insured amount and the interest rate of bank savings deposits for the same period.
(5) Rebate income or transaction fee return income obtained by individual shareholders because a securities company recruits large shareholders to open accounts and trade with the company, and pays part of the transaction fees obtained to large shareholders.
(6) Individuals obtain certain units and departments to distribute cash, physical objects or securities to relevant personnel of other units and departments during year-end summaries, various celebrations, business transactions and other activities.
(7) Resignation risk payment.
(8) Individuals provide guarantees for units or others and receive remuneration.
If it is difficult to define which taxable income item the income obtained by an individual is, it shall be reviewed and determined by the competent tax authority.
Extended information:
Applicable tax rates
Personal income tax stipulates three different tax rates based on different tax items:
1. Comprehensive income (wage, salary income, labor remuneration income, author remuneration income, royalties income) is subject to a 7-level excess progressive tax rate, and the tax is calculated based on the monthly taxable income. The tax rate is divided into levels according to the individual's monthly wages and salary taxable income. The highest level is 45%, the lowest level is 3%, and the final level is 7.
2. Business income is subject to five levels of excess progressive tax rates. The production and operating income of individual industrial and commercial households and the annual taxable income from contracted operations and leasing operations of enterprises and institutions are applicable to annual calculations and monthly prepayment of taxes. The lowest level is 5%, and the highest level is 5%. Level one is 35%, ***level 5.
3. Proportional tax rate. Individual income from interest, dividends, bonuses, income from property leasing, income from property transfer, incidental income and other income are levied on a case-by-case basis, and a proportional tax rate of 20% applies.