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How to calculate 13 percent of your salary correctly

With the growing popularity of obtaining tax deductions, many Russians are thinking about the amount that is transferred from their salaries to the budget on a monthly basis, it is this amount that can be counted on when returning money for treatment, buying real estate or paying for tuition. When calculating personal income tax, it is necessary to take into account the number of children and the amount received by the employee. Let's figure out how to calculate the 13 percent tax on salary.

What is personal income tax

Personal income tax - personal income tax. For several years now, its rate has been in effect in Russia - 13 percent, it is the lowest in Europe. It is the main source of income for the state. It is paid by both residents of our country and those who only carry out activities on its territory. The peculiarity of this tax is that it is withdrawn only from profits: salaries, sales of property and similar actions.

Payments are calculated based on interest rates and fixed simple formulas. When calculating, it is necessary to take into account the deductions due to a citizen. Most often, the base for calculating personal income tax is lowered due to the presence of children in the family. The deduction is applied first, and then the tax is calculated. A big mistake of many citizens is that they do not take into account this feature of creating a tax base.

Spheres of application of the tax

The 13% rate is valid for most citizens of our country, but it is not the only one used in taxation. When making calculations, it is necessary to understand that for some types of income, different rates are used:

  • 9% - for income from the sale of bonds purchased before 2007, as well as for dividends;
  • 13% - for salaries, profits from the sale of property, income from civil contracts;
  • 15% - for dividends received from legal entities that are not residents of Russia;
  • 30% is withheld from the income of non-resident individuals;
  • 35% - on income from bank deposits (if the limit is exceeded), winnings and prizes.

Knowing these rates is essential if you are calculating 13% of your earnings to get the amount of the simplification due. Additionally, you have to clarify whether the employer paid the contributions.

There are several types of income tax exempt:

  • from the sale of property that has been owned for more than 3 years;
  • inheritance;
  • bonus part of earnings
  • donation from close relatives or family members.

As you can see, the salary is not included in the list of tax-free profits. If part of it monthly consists of a premium, then it is necessary to reduce the tax base by this amount. The employer regularly pays taxes for each employee to the budget. In some cases, a person himself needs to transfer funds to the state, then it is important for him to be able to calculate 13% of the wages received under the contract.

Calculation examples and formulas

The easiest way is to calculate the amount of the tax contribution using the formula:

H = Ps × Os

In this formula:

  • H is the amount of tax;
  • Ps - interest rate, we are interested in 13%;
  • Os - taxable amount or tax base.

The tax base is equal to the salary received by the employee. To calculate it, you will have to make additional calculations if the employee has a child. In this case, he is entitled to a tax deduction. According to data from the Federal Tax Service, it is equal to:

  • for the first and second child, you can reduce the base by 1,400 rubles for each;
  • at the birth of the third and subsequent children - 3,000 rubles;
  • if the child is disabled, then the deduction will be 12 thousand rubles; parents or adoptive parents, guardians and trustees are entitled to a smaller amount - 6,000.

Moreover, if the family brings up two children from the first marriage, the common child born in the new union is considered the third. This rule also applies in cases where each parent has one baby. They will be given a deduction of 4,400 rubles. If two children are registered with one parent, then he will receive a deduction of 5,800, and the other - 3,000.

Deductions must be taken into account in the calculations, since the taxable base is reduced on them according to the formula:

Os = Dh - V.

Its transcript:

  • Os - taxable amount;
  • Дч - income part (salary);
  • B - deductions.

Let's consider several cases with examples:

  1. The salary without the bonus part is 42 thousand rubles, you need to calculate the net income. Citizens are not entitled to any deductions.

Chd = Z - N, where Chd is net income, Z is salary, N is tax.

First, we calculate the tax: 42,000 × 13% = 5,460 rubles. This amount must be deducted from your salary to get a net income: 42,000 - 5,460 = 36,540 rubles.

  1. Let's calculate the amount of tax for a citizen with two children and an earnings of 35 thousand rubles. First, you need to calculate the tax base: 35,000 - (2 × 1400) = 32,200 rubles. We multiply this amount by the tax rate to get its amount: 32,200 × 13% = 4,186 rubles.
  2. Vacation funds are also subject to income tax and are not subject to deductions. If you received 30 thousand before the vacation, then the tax contribution will be: 3 900 rubles.

If you calculate the amount of tax contributions for the year, it is not difficult to understand how much compensation, for example, when buying a home you can apply. For calculations, you can use not only the formulas given, but also online calculators.