The handling of the fixed tax reduction for income tax in 2024 will be noted in the remarks column of the withholding tax slip.An example of the notation is as follows:
(Remarks) Amount of income tax reduction deducted at source: 〇 yen, Amount not deducted: △ yen.
There are three patterns for processing:
1. Fully deducted
2. Partially deducted
3. Not applicable
- Fully deducted
Case where the fixed tax reduction amount is fully deducted at the year-end adjustment, and the deduction balance is 0 yen:
Example notation in the remarks column: Amount of income tax reduction deducted at source: 30,000 yen, Amount not deducted: 0 yen
⇒ Income tax reduction amount (individual): 30,000 yen
The deduction is completed at the year-end adjustment, and the deduction balance (amount not deducted) is 0 yen. - Partially deducted
Case where part of the fixed tax reduction is deducted at the year-end adjustment, and there is a deduction balance:
Example notation in the remarks column: Amount of income tax reduction deducted at source: 13,850 yen, Amount not deducted: 16,150 yen
⇒ Income tax reduction amount (individual): 30,000 yen
Amount deducted at the year-end adjustment: 13,850 yen, Deduction balance (amount not deducted): 16,150 yen - Not applicable
Case where there was no salary or bonus from June to December, and the fixed tax reduction was not applicable:
Example notation in the remarks column: Amount of income tax reduction deducted at source: 0 yen, Amount not deducted: 0 yen
For those who could not fully deduct the fixed tax reduction as in pattern 2, or those who were not eligible for the fixed tax reduction as in pattern 3, an "Adjustment Payment" will be made. Please inquire with your local municipality regarding the "Adjustment Payment."