Employee: 8%
(Jan. 1, 2006)
Factor 2–
Accommodation Accumulation Funds
The Accommodation Accumulation fund is used to help corporate employees purchase a home. It is mandatory that an employee saves a specified amount of money into a special account for future use. The company he works in is also required to save the same amount into that account.
Other Factors
Factor 1–
Social Insurance
retirement insurance medical insurance unemployment insurance work casualty insurance birth insurance
The company: 20% basic monthly salary
Why is QCD necessary?
For example, in the table below:
Without QCD, for ￥5000, tax is ￥750; but for ￥5001, tax becomes ￥1000. 20.
There is a big leap of ￥250.20.
How to calculate personal income tax?
3）Monthly personal income tax (PIT) = monthly taxable personal income (TPI)× the relevant tax rate (TR) – quick calculation deduction figure (QCD)
30
7
＞60000 yuan but ≤80000 yuan
35
8
＞80000 yuan but ≤100000 yuan
40
9
＞100000 yuan
45
0 25 125 375 1375 3375 6375 10375 15375
Why is QCD necessary?
The QCD (Quick Calculation Deduction) is used to smoothen the tax increase curve.
Chapter 13
Payroll Sheet Composition
CONTENTS
Part 1: Personal Income Tax Part 2: Other Factors Part 3: Excel Application Part 4: Questions
Personal Income Tax
1
≤500 yuan
5
2
＞500 yuan but ≤2000 yuan
10
3
＞2000 yuan but ≤5000 yuan
15
4
＞5000 yuan but ≤20000 yuan
20
5
＞20000 yuan but ≤40000 yuan
25
6
＞40000 yuan but ≤60000 yuanFra bibliotek20375
Why is QCD necessary?
Level Monthly Taxable Personal Income (yuan)
3 ＞2000 yuan but ≤5000 yuan
Tax Rate (%) 15
Quick Calculation Deduction (yuan)
125
PIT = TPI × TR - QCD
Personal income tax rates table
(for salaries and wages)
Level Monthly Personal Income Amount Taxable
Tax Rate (%)
Quick Calculation Deduction (yuan)
4 ＞5000 yuan but ≤20000 yuan
20
375
To remove such leaps, QCD is introduced.
With QCD, for ￥5000, the tax is 625.00; and for ￥5001, the tax is ￥625.20.
There is no more big leap.
How to calculate personal income tax?
1600 yuan is the exemption part (threshold) for monthly personal income tax in Guangzhou in 2006.
In Beijing or Shanghai, this threshold may be different.
Level Monthly Taxable Personal Income (yuan)
3 ＞2000 yuan but ≤5000 yuan
Tax Rate (%) 15
Quick Calculation Deduction (yuan)
125
4 ＞5000 yuan but ≤20000 yuan
How to Make a Payroll Sheet?
First, you need to know how to calculate personal income tax (PIT).
There are 3 steps to do this work.
How to calculate personal income tax?
1）Work out your total monthly salary and all kinds of income, including bonus and allowance.
How to calculate personal income tax?
2）Work out the monthly taxable personal income: Monthly taxable personal income = monthly personal income – 1600