If your social security base in Nantong, Jiangsu is 20,600 yuan, the tax amount will be calculated based on the following steps:
- Calculate the taxable income: First, determine the amount of social security and housing provident fund deductions. In Nantong, the social security deduction rates are as follows:
- Pension insurance: 8% of the base, so 20,600 * 0.08 = 1,648 yuan.
- Medical insurance: 2% of the base plus 3 yuan, so 20,600 * 0.02 + 3 = 415 yuan.
- Unemployment insurance: 1% of the base, so 20,600 * 0.01 = 206 yuan.
- Housing provident fund: Assume a 10% contribution rate (the rate can range from 5% to 12%, here we take 10% as an example), so 20,600 * 0.1 = 2,060 yuan.
- The total deductions for social security and housing provident fund are 1,648 + 415 + 206 + 2,060 = 4,329 yuan.
- After deducting the tax - free threshold of 5,000 yuan per month, the taxable income is 20,600 - 4,329 - 5,000 = 11,271 yuan.
- Determine the tax rate and calculate the tax amount: According to the personal income tax rate table for wage and salary income in China:
- Since 11,271 yuan falls within the range where the tax rate is 10% and the quick - deduction amount is 210 yuan.
- The monthly personal income tax amount is 11,271 * 0.1 - 210 = 917.1 yuan.
In conclusion, when the social security base in Nantong is 20,600 yuan, the approximate monthly personal income tax amount is 917.1 yuan. Please note that if there are special additional deductions (such as for children's education, mortgage interest, etc.), the taxable income will be further adjusted, and the tax amount will also change accordingly.
