"Personal income tax refers to the tax levied by the state on the economic benefits obtained by individuals from various sources of income. Personal income tax is one of the most important taxes in modern society. One of the important means of distribution.
The objects of personal income tax collection include the economic benefits obtained by individuals from various sources of income, such as wages, salaries, labor remuneration, author remuneration, royalties, dividends, bonuses, interest, rent, property transfer income, etc. The collection standard of personal income tax includes two aspects of taxable income and tax rate. Taxable income refers to the balance after deducting relevant expenses and tax allowances from the economic benefits obtained by individuals from various sources of income, and the taxable amount is calculated according to the level of taxable income and the tax rate in the tax rate table.
The collection of personal income tax is carried out in accordance with tax laws and tax regulations, including personal income tax law, personal income tax implementation regulations, personal income tax law implementation rules, etc. The subject of personal income tax collection is the taxation authority, and individual income taxpayers are obliged to pay taxes in a timely and full amount in accordance with state regulations.
The collection of personal income tax is not only a source of national fiscal revenue, but also a means of adjusting social and economic distribution. Through the collection of personal income tax, social equity can be promoted, the gap between rich and poor can be narrowed, and social harmony can be realized. At the same time, the collection of personal income tax can also encourage individuals to increase their income, improve their awareness of innovation and entrepreneurship, and promote economic development. "