The pre-tax deduction items for personal income tax include: 1. The standard deduction for personal income tax is 3,500 yuan/month.

2. Social insurance premiums 3. In accordance with the provisions of Article 25 of the "Regulations on the Implementation of the Individual Income Tax Law of the People's Republic of China", the basic pension insurance premiums, basic medical insurance premiums, and unemployment insurance premiums paid by individuals shall be taxed.

Deducted from the obligor's taxable income.

3. Housing Provident Fund According to the provisions of Article 25 of the "Implementation Regulations of the Individual Income Tax Law of the People's Republic of China", the housing provident fund paid by individuals shall be deducted from the taxable income of the taxpayer.

According to the provisions of the "Notice of the Ministry of Finance and the State Administration of Taxation on Personal Income Tax Policies Regarding Basic Pension Insurance Premiums, Basic Medical Insurance Premiums, Unemployment Insurance Premiums, and Housing Provident Funds" (Caishui [2006] No. 10), the maximum payment ratio allowed for deduction of housing provident funds is 12

%, the excess amount is not allowed to be deducted before tax.

4. Annuity According to the provisions of the "Notice of the Ministry of Finance, Ministry of Human Resources and Social Security, and the State Administration of Taxation on Issues Concerning Individual Income Tax on Enterprise Annuities, Occupational Annuities" (Caishui [2013] No. 103), enterprises and institutions (hereinafter collectively referred to as entities) shall, in accordance with relevant national regulations,

According to the methods and standards stipulated in the policy, when the unit payment portion of the enterprise annuity or occupational annuity (hereinafter collectively referred to as annuity) paid by all employees who serve or are employed in the unit is included in the personal account, the individual will not pay personal income tax for the time being;

The portion of annuity personal contributions paid in accordance with relevant national policies, which does not exceed 4% of the tax base of the individual's paid wages, will be temporarily deducted from the individual's taxable income for the current period.

3. Commercial health insurance According to the provisions of the "Notice of the Ministry of Finance, State Administration of Taxation and Insurance Regulatory Commission on Promoting the Pilot Policy of Individual Income Tax on Commercial Health Insurance to the Nationwide Implementation" (Caishui [2017] No. 39), individuals who purchase commercial health insurance that meet the regulations

Expenditures on insurance products are allowed to be deducted before tax when calculating taxable income in the current year (month), with a deduction limit of 2,400 yuan/year (200 yuan/month).

Expenditures incurred by the unit in purchasing commercial health insurance products that meet the regulations for employees should be included in the employee's personal salary and wages, and be regarded as personal purchases, and be deducted according to the above limits.

4. Public welfare donations According to the provisions of the "Individual Income Tax Law of the People's Republic of China" and the "Implementation Regulations of the Individual Income Tax Law of the People's Republic of China", individuals make donations to education and other institutions through social groups and state agencies in China.

Donations to social welfare undertakings and areas suffering from severe natural disasters and poverty-stricken areas.

The amount of donation that does not exceed 30% of the taxable income declared by the taxpayer can be deducted from the taxable income.

Extended information: Starting from October 1, 2018, the threshold for individual tax collection will be adjusted to 5,000 yuan per month.

The new personal income tax law stipulates that the comprehensive income of resident individuals shall be the taxable income after deducting RMB 60,000 in expenses, special deductions, special additional deductions and other deductions determined in accordance with the law from the income in each tax year.

Tax cuts favor low- and middle-income people.

The new personal income tax law stipulates that after this revision, some tax rate brackets of personal income tax have been further optimized and adjusted, and the gap between the three low tax rates of 3%, 10%, and 20% has been expanded, and the gap between the 25% tax rate has been narrowed.

The gap between the three higher tax brackets of % and 45% remains unchanged.

Many expenses are tax deductible.

In future personal tax calculations, in addition to the basic deduction standards and special deductions such as "three insurances and one housing fund", special additional deductions will also be added.

The new individual income tax law stipulates that special additional deductions include children’s education, continuing education, serious illness medical treatment, housing loan interest or housing rent, elderly care and other expenses. The specific scope, standards and implementation steps shall be determined by the State Council and reported to the Standing Committee of the National People’s Congress for filing.