How much income can be refunded in 2022? How much tax refund can I get for 100,000 yuan? Do I not have to pay tax if my balance is less than 120,000 yuan?

The personal income tax rate is stipulated by the relevant laws and regulations of the state and is calculated based on the individual's income. Starting from March 1, the 2021 personal income tax settlement officially begins, and personal income tax will once again be refunded or supplemented. So, how much income can be refunded in 2022? How much tax refund can I get for 100,000 yuan? Do I not have to pay tax if my balance is less than 120,000 yuan?

1. How much income can be refunded in 2022?

As long as the taxpayer's prepaid tax amount is greater than the tax payable for the tax year, he or she can apply for an annual tax refund in accordance with the law.

1. The annual comprehensive income in the tax year is less than 60,000 yuan, but the individual income tax has been prepaid;

2. There are special additional deductions that meet the eligibility requirements in the tax year, but no deductions were declared when prepaying taxes;

3. Due to employment, retirement or no income in some months, the deduction of 60,000 yuan for expenses, special deductions such as three insurances and one fund, special additional deductions such as children's education, enterprise (occupational) annuities, commercial health insurance, tax-deferred pension insurance, etc. are insufficient;

4. Those who are not employed by any unit and only receive labor remuneration, author's remuneration, or royalties, and need to handle various pre-tax deductions through annual reconciliation;

5. When a taxpayer obtains income from labor services, royalties, or franchise royalties, the withholding and prepayment rate applicable in the middle of the year is higher than the annual applicable tax rate for the comprehensive income for the whole year;

6. When making advance tax payments, the applicant fails to declare or fully enjoys the comprehensive income tax benefits, such as the individual income tax reduction for the disabled;

7. There are eligible donations to public welfare and charity, but the deductions are not processed when prepaying taxes, etc.

2. How much tax refund can I get if my income is 100,000 yuan in 2022?

How much tax refund can be obtained for an income of 100,000 yuan in 2022? Everyone’s situation may be different. The following is the calculation company:

Amount of tax to be refunded or paid = [(comprehensive income amount - 60,000 yuan - special deductions such as three insurances and one fund - special additional deductions such as children's education - other deductions determined by law - qualified donations to public welfare and charity) x applicable tax rate - quick deduction] - prepaid tax amount

3. Do I not have to pay taxes if my income does not exceed 120,000 yuan in 2022?

Annual income does not exceed 120,000 yuan, and the portion exceeding 60,000 yuan is subject to tax. The comprehensive income of a resident individual is the taxable income, which is the balance after deducting expenses of RMB 60,000, special deductions, special additional deductions and other deductions determined by law from the income in each tax year. The taxable income of wages and salaries of non-resident individuals is the balance after deducting expenses of RMB 5,000 from the monthly income. The taxable income of income from remuneration for services, royalties for writings, and royalties for franchisees is the amount of each income. The taxable income from business operations is the balance after deducting costs, expenses and losses from the total income in each tax year.

It can be known that if the annual comprehensive income in the previous year was less than 60,000 yuan, but personal income tax has been prepaid, a tax refund can be obtained.