All citizens of the Russian Federation are required to pay income tax (personal income tax). Usually this tax (its flat rate on basic types of income is 13%) is withheld by a tax agent (for example, an employer) when calculating payments to an individual. However, there are situations when the taxpayer needs to independently calculate and pay personal income tax at the end of the year (tax period).
It is necessary
Calculator, information on received wages
Instructions
Step 1
Calculate the sum of all income for the tax period (per year). This amount includes all wages and salaries for the reporting period and other various indirect and direct payments and incomes that bring material benefits.
Step 2
Calculate the amount of income that is not taxed. Among such incomes are compensation payments, pensions, travel expenses, government benefits.
Step 3
Calculate the amount of tax deductions. These deductions will reduce the taxable amount of income. These include social, standard, professional and property tax deductions. The standard includes two types of deductions:
1) 400 p. for each month of the reporting period (this deduction is made monthly until the amount of annual income exceeds 20,000 rubles);
2) 300 p. per month for the maintenance of each child under 18 years of age. This age increases to 24 years for full-time students, cadets, graduate students. This deduction is doubled for widows (widowers), trustees or guardians, single parents. Social deductions include:
1) Expenses for charitable purposes not exceeding 25% of income;
2) Payment for training in educational institutions that have a license, but not more than 25 thousand rubles;
3) Payment for treatment in licensed medical institutions of the Russian Federation. Property deductions include:
1) Income from the sale of property;
2) Expenses for the purchase or construction of your own home.
Step 4
To calculate the amount of payment itself, the formula is used:
D-K-L = N, where H is the tax base, D is the sum of all income for the tax period, K is non-taxable income and L is tax deductions, previously called benefits.
