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Since the implementation of the new individual income tax policy in 2019, many people have been confused about how to calculate individual income tax.
WPS form provides a simple formula to help users easily calculate new personal income tax.
Take the calculation of personal tax payable in March as an example:
In the WPS table, click "Insert Function", and then select "Calculate Personal Income Tax (After January 1, 2019) in "Common Formulas" )".
The taxable amount for this period refers to the monthly salary income minus the tax exemption of 5,000 yuan, minus the three insurances, one housing fund and special additional deductions amount.
The cumulative tax payable in the previous period is the sum of the tax payable in the current period and the tax payable in previous months.
For example, the accumulated tax payable in the previous period in March is the total salary payable in January and February.
Previous cumulative tax deductions refer to the cumulative amount of personal income tax paid so far.
For example, the accumulated tax deduction in March is the total personal income tax paid in January and February.
Just click OK, and the WPS form can quickly calculate the personal tax payable in March.
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