7,1,6. Reduction for obtaining work income
This reduction will apply only to taxpayers with net income from work of less than 19,747.5 euros, provided that they do not have income , excluding exempt income, other than work income exceeding 6,500 euros. The amount of the reduction will be:
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Taxpayers with net income from work equal to or less than 14,852 euros: 7,302 euros per year.
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Taxpayers with net income from work greater than 14,852 euros, but equal to or less than 17,673.52 euros: 7,302 euros less the result of multiplying by 1.75 the difference between work performance and 14,852 euros per year.
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Taxpayers with net income from work between 17,673.52 and 19,747.5 euros: 2,364.34 euros less the result of multiplying by 1.14 the difference between the work performance and 17,673.52 euros per year.
For these purposes, the net income from work will be the result of reducing the total income by the expenses provided for in letters a), b), c), d) and e) of article 19.2 of the Tax Law.
As a result of the application of the reduction provided for in this article, the resulting balance may not be negative.
In any case, you do not need to perform any operation, the reduction is calculated by the program.