Calculating the size of the tax deduction will not be difficult. Standard tax deductions are a fixed amount; most property and social deductions have an upper limit that is easy to navigate. The exception is professional tax deductions that are not tied to a fixed amount, but to a percentage of income.
It is necessary
- - Tax Code of the Russian Federation (Art. 221);
- - the amount of income according to documents (acts, contracts, etc.);
- - calculator.
Instructions
Step 1
A complete list of works and services that give the right to a professional tax deduction is given in article 221 of the Tax Code of the Russian Federation. In a number of cases, when it is provided, part of the income received from one or another activity from those listed in the table, which contains the mentioned article, is exempted from taxation.
It remains to make sure that the work or service of interest is present in the table and find out the amount of the deduction due in this case.
Step 2
For example, a writer has received a fee of 40 thousand rubles. for the creation of a literary work. The tax deduction in this case is 20%.
To understand what the amount of the deduction is, you need to divide the amount of the fee by 100. In this case, 400 rubles are equal to 1 percent. This figure, in turn, multiply by 20 and get 8 thousand rubles. This is the amount of the tax deduction. Simply put, the writer must pay tax not on all 40 thousand rubles assessed to him, but only on 32 thousand rubles.
Step 3
What is more interesting in this situation is not the tax deduction in itself, but the amount that the writer, thanks to its provision, will receive in his hands.
Divide the part of the fee taxed with personal income tax by 100, and multiply the resulting figure by 13 (tax rate). Dividing 32 by 100, you get 320. Then multiply by 13 and the result is 4160 p.
Now subtract that figure from the total royalties. The writer will receive 35840 p.
For comparison, calculate how much you need to pay taxes and get your hands on with the same accrued amount, if the tax deduction is not provided. To do this, divide 40 thousand by 100, and the result is multiplied by 13: 400 multiplied by 13 is equal to 5200 rubles. Subtract this amount from the royalties. The hands are due 34800 rubles.
Step 4
The difference will be 1140 rubles. It would seem sparse. And if we imagine that a writer receives royalties for 10 such books a year, it turns out that by the end of the year he will pay 11,400 rubles less in taxes. And this is already more tangible.
