it should be more than 1 million.

1. "Effective as of March 1, 2118" means that from March 1, 2118 (inclusive), the income from wages and salaries actually earned by taxpayers shall be subject to the expense deduction standard of 2,111 yuan per month, and personal income tax shall be calculated and paid. ?

2. The income from wages and salaries actually obtained by taxpayers before March 1, 2118, regardless of whether the tax is put into storage after March 1, 2118, shall be subject to the expense deduction standard of 1,611 yuan per month, and personal income tax shall be calculated and paid. ?

third, local tax authorities at all levels should strengthen the publicity and interpretation of the above-mentioned policy convergence, guide withholding agents to correctly understand the spirit of the policy, and earnestly do a good job in withholding personal income tax.

February 21th, 2118

9-level progressive tax rate table of personal income tax. The result is at the bottom.

Quick deduction method of monthly taxable income tax rate% in series (yuan)

1 does not exceed 5 1

2 in 511 yuan, 11 25

3 exceeds 2,111 yuan to 5,111 yuan. To 21,111 yuan, 21,375

5,25,1375

6,41,111 yuan to 61,111 yuan, 31,375

7,61,111 yuan to 81,111 yuan, 35,6375

8,811,111 yuan to 111,111 yuan. 9 The personal income tax shall be calculated and paid for the part of 45 15375

wages and salary income exceeding RMB 11111.

After the monthly wage income is obtained, the basic old-age insurance, medical insurance, unemployment insurance and housing accumulation fund paid according to the standards set by the provincial government shall be deducted. After deducting the expense deduction of 1,611 yuan/month (the income from overseas and the income of foreigners, overseas Chinese and compatriots from Hong Kong, Macao and Taiwan Province in China can be additionally deducted by 3,211 yuan per month), it is taxable income, and personal income tax is calculated and paid at the nine-level excess progressive tax rate of 5% to 45%.

The calculation formula is:

Personal income tax payable = taxable income × applicable tax rate-quick deduction

Example: Wang earned 9,111 yuan in salary in the current month, and personally paid 1,111 yuan for housing provident fund, basic old-age insurance, medical insurance and unemployment insurance, and the expense deduction was 1,611 yuan, so Wang's taxable income in the current month = Personal income tax payable =6411×21%-375=915 yuan.

the individual income tax payable by an individual on income from wages and salaries shall be uniformly withheld and remitted by the payer, who is the withholding agent stipulated in the tax law.