How much tax should be paid on personal income of 100 million yuan? The amount of taxable income is the balance of the total income of business income in each tax year after deducting costs, expenses and losses. Individual income tax shall be paid when the monthly salary income is more than 5000 yuan, and when the labor remuneration is more than 800 yuan, individual income tax shall be paid. According to Article 6 of the Individual Income Tax Law of the People's Republic of China, the taxable income is calculated as follows:. （2） For income from wages and salaries of non resident individuals, the taxable income shall be the balance of the monthly income less 5000 yuan of expenses; For income from remuneration for labor services, remuneration for authors and royalties, the amount of each income shall be the taxable income. （3） For business income, the taxable income shall be the balance of the total income of each tax year after deducting costs, expenses and losses. （4） If the income from the lease of property does not exceed 4000 yuan each time, 800 yuan of expenses shall be deducted; If the amount is more than 4000 yuan, 20 percent of the expenses shall be deducted, and the balance shall be the amount of taxable income. （5） For income from the transfer of property, the taxable income shall be the balance of the income from the transfer of property less the original value of the property and reasonable expenses. （6） For income from interest, dividends, bonuses and incidental income, the amount of each income shall be the taxable income amount. For income from remuneration for labor services, remuneration for authors, and royalties, the amount of income shall be the balance of income minus 20 percent of expenses. The amount of income from author's remuneration shall be reduced by 70%. Individuals who donate their income to education, poverty alleviation, poverty relief and other public welfare charities, and the amount of donation does not exceed 30 percent of the taxable income declared by taxpayers, may be deducted from their taxable income; Where the State Council provides for full pre tax deduction of donations to public welfare and charitable undertakings, such provisions shall prevail. The special deduction specified in Item 1 of Paragraph 1 of this article includes the basic endowment insurance, basic medical insurance, unemployment insurance and other social insurance premiums and housing provident fund paid by individual residents in accordance with the scope and standards specified by the state; Special additional deductions, including expenditures for children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, and support for the elderly, shall be determined by the State Council and reported to the Standing Committee of the National People's Congress for the record. Do you understand this explanation?