The final settlement of personal income tax in 2024 starts today. Some people have refunded more than 50,000 yuan, and some people have to pay nearly 10,000 yuan in back.

The final settlement and settlement of comprehensive personal income tax for 2024 begins today, and the settlement period will last until June 30.From March 1 to March 20, 2025, only users with reservations can apply. From March 21 to June 30, no reservation is required, and everyone can apply directly.

It is understood that the annual settlement refers to the process in which taxpayers, after the end of the year, combine and calculate the four comprehensive incomes including wages and salaries, labor remuneration, author remuneration, and royalties obtained throughout the year, determine the personal income tax payable, declare to the tax authorities and handle tax refunds or tax repayments.

This year it is still "refund more and make up less", that is, on the basis of the taxes already paid in advance, "check for omissions, summarize income and expenditure, calculate accounts on an annual basis, refund more and make up less".

Calculation formula: The amount of tax that should be refunded or paid = [(comprehensive income - 60,000 yuan - special deductions such as "three insurances and one fund" - special additional deductions such as children's education - other deductions determined in accordance with the law - eligible donations to charitable causes) x applicable tax rate - quick calculation deductions] - the amount of prepaid tax.

Just after 0:00 this morning, some netizens came to get tax refunds.Netizens have posted their tax refund results, ranging from hundreds to thousands, and some even received a refund of more than 50,000 yuan!

But some are happy and some are sad,Some netizens posted screenshots, claiming that they had to pay nearly 10,000 yuan in back payment., I was so scared that I immediately closed the APP and didn’t dare to open my eyes, hoping it was an illusion.

As a reminder, different tax calculation methods will affect the amount of tax paid. You can operate both tax calculation methods to compare which tax calculation method is more cost-effective. Sometimes one way requires back taxes and the other way doesn't.