Pre-tax deduction items of personal income tax are as follows:

1. Tax expense deduction standard is 3,5 yuan/month.

2. Social insurance premiums

3. According to Article 25 of the Regulations for the Implementation of the Individual Income Tax Law of the People's Republic of China, the basic old-age insurance premiums, basic medical insurance premiums and unemployment insurance premiums paid by individuals are deducted from the taxable income of taxpayers.

3. Housing accumulation fund

According to Article 25 of the Regulations for the Implementation of the Individual Income Tax Law of the People's Republic of China, the housing accumulation fund paid by individuals is deducted from the taxable income of taxpayers.

according to the notice of the Ministry of finance and State Taxation Administration of The People's Republic of China on the personal income tax policy of basic old-age insurance, basic medical insurance, unemployment insurance and housing provident fund (caishui [26] No.1), the maximum contribution rate allowed to be deducted from housing provident fund is 12%, and pre-tax deduction is not allowed for the excess.

4. Annuity

According to the Notice of the Ministry of Finance, Ministry of Human Resources and Social Security, State Taxation Administration of The People's Republic of China on Issues Concerning Individual Income Tax on Enterprise Annuities and Occupational Annuities (Caishui [213] No.13), the unit contribution of enterprise annuities or occupational annuities (hereinafter referred to as annuities) paid by enterprises and institutions (hereinafter referred to as units) for all employees who work or are employed in their own units is included. The part of the annuity paid by individuals according to the relevant national policies and regulations, which does not exceed the standard of 4% of the taxable base of the salary paid by them, is temporarily deducted from the taxable income of individuals in the current period.

3. Commercial health insurance

According to the notice of the Ministry of Finance and the State Taxation Administration of The People's Republic of China Insurance Regulatory Commission on extending the pilot policy of individual income tax for commercial health insurance to the whole country (Caishui [217] No.39), the expenses of individuals purchasing commercial health insurance products that meet the requirements are allowed to be deducted before tax when calculating the taxable income in the current year (month), and the deduction limit is 2,4 yuan/year (2 yuan/. The expenses of purchasing commercial health insurance products that meet the requirements for employees by the unit should be included in the employees' personal wages and salaries, regarded as individual purchases, and deducted according to the above limits.

4. Donation for public welfare

According to the Individual Income Tax Law of the People's Republic of China and the Regulations for the Implementation of the Individual Income Tax Law of the People's Republic of China, individuals donate to education and other social welfare undertakings as well as areas suffering from serious natural disasters and poverty-stricken areas through social organizations and state organs in China. The part where the donation amount does not exceed 3% of the taxable income declared by the taxpayer may be deducted from its taxable income.

Extended information:

From October 1, 218, the tax threshold will be adjusted to 5, yuan per month. The new tax law stipulates that the comprehensive income of individual residents, after deducting expenses of 6 thousand yuan from the income in each tax year and the balance after special deduction, special additional deduction and other deductions determined according to law, is taxable income.

the tax cuts are tilted towards middle and low income. The new tax law stipulates that after this revision, some tax rate bands of individual taxes will be further optimized and adjusted, and the bands of 3%, 1% and 2% with low tax rates will be expanded, while the bands of 25% with higher tax rates of 3%, 35% and 45% will remain unchanged.

many expenses are tax deductible. In the future, in calculating individual taxes, in addition to deducting the basic deduction standard and special deductions such as "three insurances and one gold", special additional deductions have been added. The new tax law stipulates: special additional deductions, including children's education, continuing education, serious illness medical care, housing loan interest or housing rent, supporting the elderly and other expenses, the specific scope, standards and implementation steps shall be determined by the State Council and reported to the National People's Congress Standing Committee (NPCSC) for the record.

References:

Pre-tax deduction _ Baidu Encyclopedia