Data:2009-12-12 2:34
Category: Insurance tips Release Date: 2006-08-01
Ministry of Finance and State Administration of Taxation issued fiscal 1997 words (1997), 144 documents, businesses and individuals in accordance with the provisions of state or local governments, the ratio of extract to the designated financial institution to pay the housing provident fund, medical insurance, basic pension Kim, excluding personal current wages and salaries, and free from personal income tax. Exceed the national or local government to pay the proportion of the provisions of the housing provident fund, medical insurance, basic pension, which should be incorporated into the individual month over part of the wages, salaries and income, taxable personal income tax. This article from January 1 last year, started.
The insurance indemnity is a tragic accident compensation for the loss suffered by the individual, not part of personal income, therefore not taxed. According to "tax" provides that compensation can be obtained in the calculation of personal taxable income before the deduction, that is exempt from personal income tax on the insurance indemnity.
