The 2024 personal income tax rate table is newly released! PHP editor Xigua brings you the most comprehensive and authoritative interpretation! This adjustment covers various income brackets, detailing taxable income and applicable tax rates. For the majority of taxpayers, understanding the latest tax rate table will help them plan their finances rationally and avoid tax risks. Come and follow this article to learn about the impact of the latest tax rates on you!
Personal Income Tax App Tutorial
1. Tax rate table
1. Comprehensive income tax rate table
2. Wage and salary tax rate table
3. Transitional salary tax rate table
4. Withholding and prepayment tax rate table for residents’ personal labor remuneration income
2. Annual personal income tax calculation formula
1. Personal income tax payable = taxable income × applicable tax rate – quick calculation deduction
2. Taxable income = annual income – allowed deductions
3. Allowed deductions = basic deduction expenses of 60,000 yuan, special deductions, special additional deductions, and other deductions determined in accordance with the law.
The above is the detailed content of Personal income tax rate table latest in 2024. For more information, please follow other related articles on the PHP Chinese website!
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