Is the tax deducted annually or monthly?

Personal income tax wages and salaries are calculated on a monthly basis. Personal income tax is calculated on an annual basis based on business income. Taxpayers' income from interest, dividends and bonuses, income from property leasing, income from property transfer and accidental income shall be calculated on a monthly basis or by time.

According to the Individual Income Tax Law of People's Republic of China (PRC)

Eleventh individual residents to obtain comprehensive income, the annual calculation of personal income tax; If there is a withholding agent, the withholding agent shall withhold the advance tax on a monthly basis or every time; If settlement is needed, it shall be settled within March 1 day to June 30th of the following year. The withholding and prepayment measures shall be formulated by the competent tax authorities of the State Council.

Where individual residents provide withholding agents with special additional deduction information, the withholding agent shall deduct the withheld tax in accordance with the regulations when withholding monthly, and shall not refuse.

Non-resident individuals' income from wages and salaries, remuneration for labor services, remuneration for manuscripts and royalties, if any, shall be withheld and remitted by withholding agents on a monthly or per-time basis, and there is no need for final settlement.

Article 12 After obtaining business income, taxpayers shall calculate individual income tax on an annual basis. Taxpayers shall submit tax returns to the tax authorities within 0/5 days after the end of each month or quarter, and pay taxes in advance. The income shall be settled before March 3 1 of the following year.

Taxpayers' income from interest, dividends, bonuses, property leasing, property transfer and accidental income shall be calculated on a monthly or quarterly basis. If there is a withholding agent, the withholding agent shall withhold and pay taxes on a monthly or quarterly basis.

Article 13 Where a taxpayer obtains taxable income without a withholding agent, it shall file a tax return with the tax authorities and pay the tax within 15 days of the next month after obtaining the income.

If the taxpayer obtains taxable income and the withholding agent fails to withhold the tax, the taxpayer shall pay the tax before June 30 of the following year after obtaining the income; If the tax authorities notify taxpayers to pay within a time limit, taxpayers shall pay taxes within a time limit.

Income obtained by individual residents from outside China shall be declared and taxed from March/KLOC-0 to June 30th of the following year. Non-resident individuals who obtain wages and salaries from two or more places in China shall declare and pay taxes within 15 days of the following month. Taxpayers who cancel their household registration in China due to emigration shall go through tax settlement before canceling their household registration in China.

Extended data:

According to the Individual Income Tax Law of People's Republic of China (PRC)

Article 2 Individual income tax shall be paid on the following personal income:

(1) Income from wages and salaries.

(2) Income from remuneration for labor services;

(3) Income from remuneration;

(4) Income from royalties;

5. Operating income.

(6) Income from interest, dividends and bonuses;

(7) Income from property lease;

(8) Income from property transfer;

(9) Accidental income.

Individual income tax shall be calculated on a consolidated basis in the tax year in which individual residents obtain income from items 1 to 4 of the preceding paragraph (hereinafter referred to as comprehensive income); Non-resident individuals who obtain income from items 1 to 4 of the preceding paragraph shall calculate individual income tax on a monthly or itemized basis. Taxpayers who obtain income from items 5 to 9 of the preceding paragraph shall calculate individual income tax separately in accordance with the provisions of this law.

Baidu Encyclopedia-People's Republic of China (PRC) Individual Income Tax Law