If the year-end bonus you are talking about is a one-time bonus for the whole year, you can choose not to include the comprehensive income at present and calculate the personal income tax separately.
Of course, the one-time bonus for the whole year can also be incorporated into comprehensive income and included in the salary income of the month. Withholding agents withhold and remit individual income tax according to the cumulative withholding method, and make final settlement at the end of the year.
For the annual one-time bonus, if the taxpayer chooses not to incorporate the annual comprehensive income (salary income of the current month) and calculate the individual income tax separately, it can be calculated according to the following steps:
The first step is to calculate the monthly taxable income after conversion. The monthly taxable income is the sum of the annual one-time bonus income divided by 12 months.
The second step is to determine the applicable tax rate. According to the comprehensive income tax rate table after monthly conversion, determine the applicable tax rate and quick deduction.
The third step is to calculate the tax separately. The calculation formula is: tax payable = annual one-time bonus income × applicable tax rate-quick deduction.
For example:
Suppose your one-time bonus for the whole year is 6,543,800 yuan+0.2 million yuan, and you choose not to incorporate it into the comprehensive income for the whole year and calculate the personal income tax separately, then the steps are as follows:
The first step is to determine the taxable income for the whole month. The monthly taxable income is12000012 =10000 yuan.
The second step is to determine the applicable tax rate. In the monthly tax rate table, since 10000 is between 3000 yuan and 12000 yuan, the series is 2, the tax rate is 10%, and the quick deduction is 2 10.
The third step is to calculate the tax payable. The tax payable is120000×10%-210 =11790 yuan.
It should be pointed out that:
1, in a tax year, for each taxpayer, the annual one-time bonus is only allowed to be taxed once.
2, the annual one-time bonus is included in the annual comprehensive income, by the taxpayer to choose. Under normal circumstances, taxpayers should choose the way of paying less taxes throughout the year. Because the introduction of this policy is to reduce the tax burden of taxpayers and relieve the pressure of low-and middle-income groups.
3. The one-time bonus for the whole year is not incorporated into the salary income of the current month, and the policy of separate monthly taxation is implemented, which is now extended to the end of 2023.
4. Annual one-time bonus refers to the one-time bonus paid to employees by withholding agents such as administrative organs, enterprises and institutions according to their annual economic benefits and comprehensive assessment of employees' annual work performance. The above-mentioned one-time bonus also includes the year-end salary increase, annual salary and performance salary issued by the unit that implements the annual salary system and performance salary method according to the assessment situation.
5. All bonuses obtained by employees except the one-time bonus for the whole year, such as half-year bonus, quarterly bonus, overtime bonus, advanced bonus, attendance bonus, etc. , should be combined with the salary and salary income of the month, and pay personal income tax according to the tax law.
6, the implementation of the annual salary system and performance pay units and individuals to achieve year-end cash annual salary and performance pay, can be separately included in the annual one-time bonus tax.