Retirement income tax return in the final return?

As for the retirement lump sum grant when being provided, relationship of tax seems that the person who is thought that it has ended, is many.So, by the fact that final tax returns, the person where tax is returned it is. As for the retirement lump sum grant however it was provided, as for the necessity to decide to declare it is not! Don’t you think? with please try checking the one which is thought.

In addition, the notification of return of final tax returns can go back 5 years.Because is, receiving the retirement lump sum grant 3 years ago, that way n/a With it can return also the one which is said.

As for retirement income calculation changes with seniority

First, method of deciding “the retirement income” in order to decide the tax assessment for the retirement lump sum grant will be introduced.

Income tax of the retirement lump sum grant imposes a tax from the earnings amount of the retirement lump sum grant of that year, according to the seniority of that person it calculated concerning the remaining 1/2 amount which deducts “retirement tax deductions and allowances amount” (this is called retirement income,).

Calculation method of this “retirement tax deductions and allowances amount” with as follows, changes with seniority.

Seniority ## 400,000 Yen below 20 year
When (it is not full in 800,000 Yen, 800,000 Yen)
20 year super (Seniority 20 year) ## 700,000 Yen + 8,000,000 Yen
1where there is a fraction less than a year, 1rounded up to the year

for example, heisei1years4mon joining, heisei22years12mon of the withdrawalAthe case of mr., length of service is21years8months will be. 1is less than a year because it is rounded up, length of service is22will be calculated in years.

Aretirement income deduction of mr, 940million yen (2×70million yen+800ten thousand) will be. length of service19person of the year, from retirement940not being able to deduct ten thousand yen. length of service22money in retirement years940if you had less than ten thousand yen, it is that income tax would not take.

basically, income tax withholding

if the amount exceeds the amount of retirement allowance deduction for retirement income is, will be tax resident tax and income tax withholding is ( declaration on the beneficiaries of retirement income if you are submitting a) .

income tax withheld at source is, although minus the amount of retirement income deduction2minutes of1is multiplied by the tax rate.

for example, length of service38years, retirement allowance3,000of ten thousand yenBmr
-retirement income deduction 2,060million yen
(38-20) ×70+800=2,060
retirement income and taxable 470million yen
(3,000 2,060) ×0.5=470

next, Bmr, retirement income470it will take ten thousand yen against income tax.

tax rate of income tax, is the amount of income330from ten thousand yen694ten thousand9up to one thousand yen20%in, deduction is427,500from ¥, (income tax for the tax, takkusuansa internal revenue service income tax rate reference)
Bincome tax for the retirement of mr512,500yen (4,700,000×0.2 427,500) will be.

declaration on the beneficiaries of retirement income if you are submitting is, this income tax512,500yen has been withholding. in this, exit procedures of tax! many people think that is, there is a pattern i will be tax refund when you file a final tax return actually.

following page in, let me introduce the tax conditions will be refunded.

tax is determined by income and deductions

usually, tax on retirement are withholding, will be tax-related procedures that end. but, the tax may be refunded depending on the condition that the final tax return and.

income tax1the incoming income for a year. income and salary income and retirement income, including, real estate rent income such as income, temporary income, such as gold and bounty of temporary insurance, land, include capital gains obtained by the transfer of assets such as buildings and share, we will calculate the income tax the income of these together.

also, some of these will be deducted from income. deduction and personal exemption and dependent exemption for spouse of, and social insurance premiums deductible medical expense deduction, of physical deduction, such as life insurance deduction2there is a kind of deduction. will be calculated so that this tax deduction is subtracted from the amount of income, so be cheaper the more tax deductions.

pattern refund: if you have a small annual income

in, let me introduce the pattern has been withholding tax in retirement will be refunded to the concrete. it, that less retirement income other than gold. to be more specific, if you have a small salary before retirement is.

previous page that was introduced inBmr, length of service38years, retirement allowance3,000ten thousand yen, income tax512,500the yen had been withholding. thisBmr., consider the following case of salary income of the same year.
income and payroll 120million yen
income and payroll 55million yen
( payroll deduction is65because the ten thousand yen, 120 65=55)

Bof mr.1if the annual income was only salary and retirement allowance, annual income of salary income55retirement income and ten thousand yen470will be ten thousand yen.

on the other hand, Bincome tax deduction’s (and social insurance premiums such as a deduction exemption for spouse) the sum of the170if you had ten thousand yen, Btaxable income according to mr,
retirement income470million yen+salary income55million yen income deduction170million yen
next, 355will be ten thousand yen.

taxable income355income tax for ten thousand yen is, previous page income tax rates as described in the20%deduction amount is427,500yen because it was,
3,550,000×0.2 427,500 in 282,500will be ¥.

Bmr. is also withholding salary48,510if you had to pay taxes of ¥, withholding of retirement512,500along with the yen, 561,010that have been paying taxes on yen.

should pay income tax is 282,500yen, income tax is paid by withholding561,010so ¥, 278,510refund of the circle is not to be (561,010 282,500) .

calculation of tax withholding is the end of the salary and retirement allowance! i thought andBmr.. if the tax return, 278,510tax refund is being yen.

do not forget to apply for social insurance, such as national pension

calculation of income tax, is that calculated by the amount of annual income and deductions. less often and tax deduction reduces the income, pattern consisting of many more withholding amount has been deducted when you do.

at the end, let’s introduce something easy to forget in the amount of deduction. it social insurance premium . after retirement, if you have paid social insurance premiums such as national pension and national health insurance, do not forget to add these amounts to deduction for social insurance premiums. tax rate20%when you, social insurance premiums paid10income tax for ten thousand yen2it will be ten thousand yen cheaper!

also, receive a retirement allowance when, declaration on the beneficiaries of retirement income even if you do not submit a, let’s not forget declaration. at this time,, of retirement20%it has been withholding is. this is, because it is an absolute loss, do not forget your tax return!