In Hangzhou, Zhejiang, if the social security base is 12,900 yuan, the tax deduction is calculated as follows:
- Calculate the amount of social security contributions:
- Pension insurance: The individual contribution rate is 8%, so the contribution amount is yuan.×8%=
- Medical insurance: The individual contribution rate is 2% + 4 yuan/month. So the contribution amount is yuan.×2%+=+=
- Unemployment insurance: The individual contribution rate is 0.5%, so the contribution amount is yuan.×0.5%=64.5
- Housing provident fund: The contribution rate is usually 12% (assuming the upper limit has not been reached), so the contribution amount is yuan.×12%=
- The total amount of social security and housing provident fund contributions (commonly known as "five insurances and one fund") is yuan.++64.5+=2906.5
- Calculate the taxable income:
- The personal income tax threshold in China is 5000 yuan.
- Taxable income = Wage income - "Five insurances and one fund" - Tax threshold.
- Substituting the values, taxable income yuan.=−2906.5−=4993.5
- Calculate the personal income tax:
- According to the 7 - level progressive tax rate for wage and salary income:
- The part of taxable income not exceeding 3000 yuan is taxed at 3%, and the quick - deduction amount is 0.
- The part of taxable income exceeding 3000 yuan to 12000 yuan is taxed at 10%, and the quick - deduction amount is 210.
- For a taxable income of 4993.5 yuan, the tax payable is calculated as follows:
- The part not exceeding 3000 yuan: yuan.×3%=
- The part exceeding 3000 yuan (yuan): 4993.5−=1993.5yuan.1993.5×10%=199.35
- The total tax payable yuan.=+199.35=289.35
It should be noted that the above calculation is based on general situations, and actual tax deductions may be affected by individual special additional deductions and other factors. If there are special additional deductions (such as for children's education, housing loan interest, etc.), the taxable income and tax payable will be further adjusted.