Income tax is a type of direct tax. In the amount of budget revenues, it ranks third after corporate income tax and value added tax. Income tax is the main tax for the population.
Instructions
Step 1
You can calculate income tax as a percentage of total income without including tax deductions and amounts exempt from taxation in the tax base. The income tax rate has remained unchanged at 13% over a long period of time. At this rate, income from the main activities is taxed: work for hire, under a work contract, from renting out housing.
Step 2
Please note that income tax is withheld by the employer who is the tax agent on its own when calculating payments to its employees. In some cases, you are obliged to report to the tax authorities yourself and pay tax. Such situations include: - sale of property that has been owned for less than 3 years, - receipt of income from sources located outside of Russia, - receipt of winnings, etc.
Step 3
Remember that there are different tax rates for certain types of income. So at a rate of 35%, the following are taxed: - interest income on bank deposits in terms of exceeding the amount calculated based on the refinancing rate, - the amount of savings on interest when receiving borrowed funds in terms of exceeding the established amounts, with the exception of loans for housing, - insurance payments under contracts voluntary insurance in terms of exceeding the established amounts - the value of prizes and winnings in excess of the established norms. The income of persons who are not residents of our country is taxed at a rate of 30%, at a rate of 9% - income from equity participation received in the form of dividends.
Step 4
Be sure to take into account when calculating income tax that the taxable base is reduced by the amount of tax deductions. Standard tax deductions are provided for children (in the amount of 1 thousand rubles until the parent's income exceeds 280 thousand rubles), for Chernobyl victims in the amount of 3 thousand rubles, for the disabled - 500 rubles. and other citizens - 400 rubles, until their total income exceeds 40 thousand rubles. The tax base is reduced by the amount of social deductions. These are the amounts allocated for training, treatment, charitable purposes, payment of insurance contributions for the funded part of the labor pension. In addition, there are property tax deductions on mortgage interest when buying and selling real estate.
