Personal income tax continues to outpace the growth rate of residents' income. Which industries and groups contribute the most?

**　　[Caixin]】** Since the fourth quarter of 2024, China’s personal income tax has maintained relatively fast growth, significantly outpacing the overall growth rate of tax revenue. Meanwhile, the growth of per capita disposable income for residents has been relatively stable during the same period, creating a seeming discrepancy. What is the reason?

This round of relatively fast growth in personal income tax began in October 2024, when the monthly personal income tax figure turned from a decline to an increase, rising 5.6% year-on-year. However, due to the continuous decline in personal income tax in the early part of 2024, the cumulative personal income tax for the full year of 2024 still decreased slightly by 1.7% year-on-year. For the full year of 2025, personal income tax achieved a year-on-year increase of 11.5%. This growth trend continued into 2026, with the cumulative personal income tax from January to May reaching 764.39 billion yuan, an increase of 12% year-on-year.