How to calculate personal income tax (personal income tax) is correct?

The personal income tax , in the reduction of personal income tax, is not only familiar to accountants. Every person who has ever received income must pay it. Income tax (this is how it was called before, and now its name is often heard) is paid to the budget from the incomes of both Russian citizens and those temporarily working in the country.

In accordance with the requirements of the tax code of the Russian Federation, it is possible to pay personal income tax independently, submitting a tax return on the results of the tax period, and using the services of a tax agent, i.e. The employer who pays the income. The latter is more common. This is convenient: the taxpayer does not need to know how to calculate personal income tax, an experienced accountant or personally employer will do it for him, paying the tax and providing the necessary information to the tax service. The amount of tax is deducted from wages, and the employee receives his income after deducting personal income tax.

Despite this, in order to monitor the correctness of the calculation and payment of wages, nevertheless, it will be superfluous to know how to calculate personal income tax. It's quite simple. First, you need to understand some concepts.

The tax base for personal income tax is the income from which it is necessary to pay the specified tax. In accordance with the law, they include all income received in cash and in kind, both in rubles and in foreign currency. Exceptions are various benefits other than payment of sick leave: pensions, alimony, student scholarships, donations, inexpensive (costing within 4000 rubles) employer's gifts.

The tax period is the period for which the tax is payable. Concerning personal income tax is a calendar year. Although it is deducted from the monthly salary, the correctness of its calculation and payment is monitored following the year. But it is necessary to pay personal income tax immediately, as the income was received.

Tax deductions are fixed amounts approved by law, for which the tax base is reduced when calculating the tax. That is, before calculating personal income tax, it is necessary to take into account all parameters on which deductions are made, after that deduct their total amount from the amount of income, and only after that consider the tax. There are several types of deductions.

Most often used: deductions for personal income tax on children, the so-called standard deductions. They apply to the income of all taxpayers who have children under the age of 18 or 24 years - provided that they study at any educational institution in the hospital. Such deductions are provided on condition that the taxpayer writes the appropriate application and submits supporting documents (copies of birth certificates, certificates from educational institutions). The amount of the standard tax deduction is 1400 rubles per month for the first and second children, 3000 for the third and subsequent, as well as for disabled children. This deduction is granted until the amount of income exceeds 280,000 rubles within a year.

Other deductions, social and property, most often the taxpayer receives independently in the tax inspection, having given up to the calendar year the documents confirming the right to receive them.

How to calculate personal income tax?

The tax itself is calculated at the rate approved by the RF tax code: 9, 13, 15, 30 or 35 percent of the amount of the tax base minus tax deductions. The most common rate is 13%, the others are related to the receipt of income in the form of dividends or income of non-residents of the Russian Federation, as well as from winnings, prizes and other incomes that are not wages and services.