According to the new tax law, the year-end bonus obtained by an individual needs to be subject to individual income tax according to a specific tax calculation method. Specifically, there are three tax calculation methods, which I will introduce and give examples of.
Method 1:If the monthly salary of the year-end bonus is higher than or equal to the expense deduction (5,000 yuan), you need to divide the year-end bonus by 12 months, find out the corresponding tax rate and quick deduction according to the amount obtained, and then multiply the full amount of the year-end bonus by the tax rate and subtract the quick deduction to finally get the amount of tax that needs to be paid.
For example, let's say someone has a year-end bonus of 60,000 yuan and a personal salary of 10,000 yuan for the month. According to this method, divide 60,000 yuan by 12 to get 50,000 yuan, find out the tax rate and quick deduction corresponding to 50,000 yuan, and calculate, and finally get the amount of tax that needs to be paid.
Method 2:If the monthly personal salary of the year-end bonus is less than the expense deduction (5,000 yuan), you need to add the monthly personal salary and the year-end bonus and subtract 5,000 yuan, and then divide the amount by 12 months to find out the corresponding tax rate and quick deduction, and then multiply this amount by the tax rate and subtract the quick deduction to get the amount of tax that needs to be paid.
For example, let's say someone's year-end bonus is 40,000 yuan, and the monthly personal salary is 3,000 yuan. According to this method, first add the personal salary of 3,000 yuan and the year-end bonus of 40,000 yuan, subtract 5,000 yuan to get 0 yuan, and then divide it by 12 to get 0 yuan, find out the tax rate and quick deduction corresponding to 0 yuan, and calculate, and finally get the amount of tax that needs to be paid.
Method 3:If the year-end bonus and double pay are paid in the same month, you need to combine the double pay and the year-end bonus and divide it by 12 months to find out the corresponding tax rate, and then multiply this amount by the tax rate and subtract the quick deduction to get the amount of tax to be paid.
For example, let's say someone has a year-end bonus of $100,000 and a double salary of $50,000, which is paid in the same month. According to this method, the year-end bonus of 100,000 yuan and the double salary of 50,000 yuan are combined to get 150,000 yuan, and then divided by 12 to get 1250,000 yuan, find out 12The corresponding tax rate and quick deduction of 50,000 yuan are calculated, and the amount of tax that needs to be paid is finally calculated.
It should be noted that the above is only a brief explanation and example of the tax calculation method of year-end bonuses under the new tax law. In practice, there may be other individual income tax-related regulations and circumstances, and the calculation of specific taxes needs to be comprehensively considered according to the specific circumstances of the individual. February** Dynamic Incentive Program