according to the regulations of the tax authorities, the amount of personal income tax payable = (taxable income× applicable tax rate)-quick deduction, in which taxable income = wage income-expense deduction-tax-free income, and expense deduction is what we usually call the threshold of 16 yuan. There is a detailed calculation table for the applicable tax rate. Let's take a concrete look.

the quick deduction of the monthly income tax rate (%)

does not exceed 5

the part that exceeds 5 yuan to 2, yuan, 1,25

the part that exceeds 2, yuan to 5, yuan, 15,125

the part that exceeds 5, yuan to 2, yuan, 2,375

exceeds 2, yuan. To 4, yuan 25 1375

over 4, yuan to 6, yuan 3 3375

over 6, yuan to 8, yuan 35 6375

over 8, yuan to 1, yuan 4 1375

over 1, yuan 45 1535. In addition, there are also some special incomes that need to be paid personal income tax, such as the income in kind obtained from the unit, such as housing, computers, cars, etc., which should be calculated and paid according to the actual amount of expenditure on buying housing, computers and cars. There are also individuals who participate in free travel organized by the unit and should also pay personal income tax according to wages and salary income. In addition, by the end of the year, there will generally be a one-time bonus or year-end salary increase for the whole year, which will also be calculated and paid in two cases. Moreover, the tax rates of these incomes are also different.

At present, in some cities in China, such as Beijing and Guangdong, the tax authorities have gradually started to issue personal income tax payment certificates to taxpayers every year. However, in other cities and provinces, it will take some time to prepare for this goal, which also includes the improvement of software and hardware. The reform of personal income tax in our country has always been a concern of everyone. The insiders believe that the personal income tax reform in our country is only the first step at present, and the latest tax reform has only made some repairs, so we will refer to the current forms of some developed countries and implement more reasonable tax reform in the future. Then, let's also learn about the personal income tax system in other countries.