Individual tax calculation method of bonus

Personal income tax on bonuses can be calculated in two ways.

1, tax paid separately. Calculation formula: tax payable = year-end bonus income × one-time deduction at applicable tax rate.

2. Incorporate into comprehensive income tax. Calculation formula: tax payable = (annual income-accumulated expense deduction-accumulated additional deduction-accumulated special additional deduction-accumulated other deduction-donation) × tax rate-quick deduction.

3. One-time tax rate table for year-end bonus: 1 grade: 3% if it does not exceed 36,000 yuan. Second tranche: the tax rate for the portion exceeding 36,000 yuan is144,000%. Third gear: the part exceeding144,000 yuan to 300,000 yuan, and the tax rate is 20%. Grade IV: The tax rate is 25% for the part exceeding RMB 300,000 to RMB 420,000. The fifth stage: the tax rate is 30% for the part exceeding 420,000 yuan to 660,000 yuan. Sixth grade: the tax rate is 35% for the part exceeding 660,000 yuan to 960,000 yuan. Seventh tranche: the tax rate is 45% for the part exceeding 960,000 yuan.