Personal income tax is a tax levied by the state on personal income. In China, the calculation method of individual income tax is based on the taxpayer's annual income, deduction standard and tax rate table. The following will detail how much personal income tax you need to pay when you have an annual income of 100,000 yuan in China.
1. Calculation method of individual income tax
In China, the calculation method of individual income tax is: tax payable = taxable income applicable tax rate - quick deduction.
Among them, taxable income = annual income - basic deduction of expenses - special deduction - special additional deduction - other deductions.
The basic deduction fee is 5,000 yuan per month, that is, 60,000 yuan per year.
The special deduction includes "three insurances and one housing fund", etc., and the specific amount is calculated according to the actual situation of the individual.
Special additional deductions include children's education, continuing education, serious illness medical treatment, housing loan interest, housing rent, support for the elderly, etc., and the specific amount is calculated according to the actual situation of the individual.
Other deductions include commercial health insurance, tax-deferred pension insurance, etc., and the specific amount is calculated according to the actual situation of the individual.
2. Individual income tax rate table
China's individual income tax adopts a progressive tax rate system, and the tax rate table is as follows:
Taxable income |Tax rate (%) Quick deduction |
Not more than 36,000 yuan | 3 | 0 |
More than 36,000 yuan to 144,000 yuan | 10 | 2520 |
More than 144,000 yuan to 300,000 yuan | 20 | 16920 |
More than 300,000 yuan to 420,000 yuan | 25 | 31920 |
More than 420,000 yuan to 660,000 yuan | 30 | 52920 |
More than 660,000 yuan to 960,000 yuan | 35 | 85920 |
More than 960,000 yuan | 45 | 181920 |
3. Calculation of individual income tax with an annual income of 100,000 yuan
Suppose a taxpayer's annual income is 100,000 and there are no other deductions, then:
Taxable income = 100,000-60,000 = 40,000
According to the tax rate table, the taxable income is between 36,000 yuan and 144,000 yuan, the applicable tax rate is 10%, and the quick deduction is 2,520 yuan.
Therefore, the tax payable = 40,000 10% - 2,520 yuan = 1,480 yuan.
Therefore, when the annual income is 100,000 yuan, you need to pay 1,480 yuan of personal income tax.
It should be noted that the specific calculation results of individual income tax may vary depending on the individual deduction items and the specific policies of the region. When calculating individual income tax, it should be calculated according to the actual situation of the individual and refer to the local tax policy.