Calculation method for personal pension deduction of individual tax: 1. In the payment process, individual contributions to personal pension fund accounts shall be deducted from comprehensive income or operating income according to the limit standard of 12,000 yuan per year; 2. In investment

During the payment stage, individual income tax will not be levied on the investment income included in the personal pension fund account for the time being; 3. During the payment stage, the personal pension received by the individual will not be incorporated into the comprehensive income, and the individual income tax will be calculated and paid separately at a tax rate of 3%.

The taxes are included in the "wage and salary income" item.

Personal pension refers to a system supported by government policies, voluntary participation by individuals, market-oriented operation, and realizing the supplementary function of pension insurance.

Personal pensions implement a personal account system, and the payment is entirely borne by the participants. They can independently choose to purchase financial products such as savings deposits, financial products, commercial pension insurance, and public funds that meet the regulations, implement full accumulation, and enjoy preferential tax policies in accordance with relevant national regulations.

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Legal basis: Article 12 of the "Social Insurance Law of the People's Republic of China" The employer shall pay basic pension insurance premiums in accordance with the proportion of the total wages of its employees stipulated by the state, and record them into the basic pension insurance pooling fund.

Employees should pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and record them into their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations and record them separately in the basic pension insurance pooling fund

and personal accounts.