|
Income Form
|
Tax scope
|
Tax value
calculation
|
Taxable
value (Yuan)
|
Tax rate
|
Remarks
|
| Wage
& salary income |
Calculated
on the basis of balance of monthly income
after deducting expenses of 800 yuan
|
Month
|
Not
exceeding
500
Between 500-2000
Between 2000-5000
Between 5000-20000 Between 20000-40000
Between 40000-60000 Between 60000-80000
Between 80000-100000 Over 100000
|
5%
10%
15%
20%
25%
30%
35%
40%
45%
|
|
Income from
production & operations of individual
industrial & commercial households
Income from contracted & leased
management by enterprises &
institutions.
|
Calculated
on the basis of the balance of total
income value of each tax year after
deducting costs, expence & losses.
|
Tax Year
|
Not
exceeding
5000
Between 5000-10000 Between 10000-30000
Between 30000-50000
Over 50000
|
5% 10% 20% 30% 35%
|
|
|
Income form
contribution fees
|
An 800 yuan
expense is deducted from each income not
exceeding 4000 yuan; A 20% expense is
deducted from income, exceeding 4000 yuan,
the balance is payable income tax.
|
Each case
|
|
20% |
Applicable
proportional tax rate. A 30% deduction
from the dutiable tax value
|
|
Income from
labor remuneration
|
Same
as above |
Each case
|
|
20% |
When income
from labor remuneration is too high, an
additional percentage tax may be levied
|
|
Income from
royalties, Income from property leasing
|
Same
as above |
Each case
|
|
20% |
|
|
Income from
transfer of property
|
Calculated
on the basis of the balance of income from
property transfers after deducting the
original value of property &
reasonable expenses
|
Each case
|
|
20% |
|
|
Income from
interest, dividends, bonuses, occasional
income & other income
|
Calculated
on the basis of the value of each income
|
Each case
|
|
20% |
|
China in Brief
