The declaration of the year-end bonus is mainly to declare the monthly income within one month, so as to declare it in the form of salary. The year-end award is the product of the development of the times, which is conducive to the rational allocation of resources. The declaration time of year-end bonus is mainly in the next month after receiving salary, and before the next month 15. The application for the year-end bonus is in the form of "no reduction" and belongs to the means of installment payment.
How to calculate the year-end bonus?
The tax calculation method of year-end bonus is that if an individual's salary income in the current month is higher than (or equal to) the specified expense deduction, the calculation formula of his personal income tax is: tax payable = one-time bonus obtained in the current month × applicable tax rate-quick deduction.
If an individual's salary income in the current month is lower than the specified expense deduction, the applicable formula is as follows: tax payable = (one-time bonus in the current month-the difference between salary income and expense deduction in the current month) × applicable tax rate-quick deduction.
According to the first paragraph of Article 3 of the Individual Income Tax Law, the income from wages and salaries is subject to an excessive progressive tax rate of 3%-45%.
The annual one-time bonus includes the year-end salary increase, annual salary and performance salary cashed by the unit that implements the annual salary system and performance salary method according to the assessment.
Taxpayers get a one-time bonus for the whole year, which is calculated as one month's salary and salary income respectively, divided by 12 months, and the applicable tax rate and quick deduction are determined according to their consultation.
In a tax year, for each taxpayer, the annual one-time bonus tax calculation method can only be used once.
All bonuses obtained by employees except the one-time bonus for the whole year, such as half-year bonus, quarterly bonus, overtime bonus, advanced bonus, attendance bonus, etc. , combined with the salary income of the month, calculate and pay personal income tax.
The question of when to declare the year-end bonus tax at the latest is specifically answered in the above article. Generally speaking, after the year-end bonus is paid, you need to declare the tax for the next month, at the latest before the next month 15. The article also explains the tax calculation method of year-end bonus for your reference.