What is the payroll tax?
In order to maintain successful financial activity of the state, citizens of this state pay various contributions in its favor. The lion's share of these contributions is a variety of taxes.
In connection with the recent changes in tax legislation, many workers began to worry about the payroll tax.
So, what taxes are paid on salary?
The main one is the income tax or personal income tax (PIT). This is 13% of your total income minus documented expenses.
There are types of income where the personal income tax rate rises, for example, in case of winning the lottery more than 4,000 rubles. it will be 35% (won 5,000 rubles - received 3,250), or reduced, for example, in the case of receiving incomes on dividends, it will be 9%.
This tax is paid by the employee from the accrued wages. However, this is not all.
What other taxes are subject to salary?
Also, based on the amount of the employee’s wages, the employer already pays the following contributions to the budget:
- Pension Fund (the so-called compulsory insurance). The contribution is 26% of the w / p.
- to the Social Insurance Fund is 2.9% of the s / n.
- Depending on the type of activity, the Social Insurance Fund also contributes to insurance against industrial accidents and occupational diseases. It all depends on the so-called class of professional risk. The Classification of classes of occupational risk, approved by order of the Ministry of Health and Social Development of Russia No. 857, will help determine which category the payer belongs to. Contribution may be from 0.2% salary and above.
- to the Federal Health Insurance Fund, a contribution of 3.1%.
- in the Territorial Medical Insurance Fund, is 2%.
Thus, neither more nor less, the employer at the rate of our salary pays (well, or, at least, should) about 34% + 13% of income tax.
It is believed that these amounts go to the state budget to maintain its normal existence - the maintenance of state structures, hospitals, schools, maintaining security, etc.
What salary is not taxed?
The question is not entirely correct. In this case, we are talking more about income.The list of incomes that are not subject to income taxes is quite long. This is, for example:
- State benefits (eg, maternity, unemployment);
- Rewards for donated blood;
- Revenues from the collection and delivery of berries, mushrooms, plants;
- Incomes of amateur hunters, etc., etc.