Accounting and Audit of Payments for Personal Income Tax

One of the most important elements of the modern market system is taxes. The present investigation is devoted to the tax on personal income, which is the most significant one in the tax system of our country. The existence of this tax in the Russian tax policy is constantly accompanied by adjustments and innovations that affect the principles of calculating and paying of personal income tax. These changes can provoke gross financial errors, which lead to large fines for the enterprise. The issue of this study is focused at the correctness of the calculation and payment of personal income tax. Audit of income tax computation prevents incorrect determination of the taxable base for the calculation of the analyzed tax and violation of current legislation. One of the issues of present investigation is aimed to develop proposals for improving the accounting and audit of settlements with the budget for personal income tax based on the data obtained. Thus, the results of the research are not only theoretical, but also practical.