In Jiangsu Yangzhou, if the social security base is 17,400 yuan, the tax calculation involves several steps. First, we need to determine the amount of social security deductions.
- Social Security Deductions:
- Pension Insurance: The personal contribution rate is 8%. So the pension insurance deduction is yuan.×8%=
- Medical Insurance: The personal contribution rate is 2%. Thus, the medical insurance deduction is yuan.×2%=
- Unemployment Insurance: The personal contribution rate is 0.5%. So the unemployment insurance deduction is yuan.×0.5%=
- Work - related Injury Insurance and Maternity Insurance: These are fully borne by the employer, so there is no personal deduction.
- The total social security deduction is yuan.++=
- Personal Income Tax Calculation:
- The personal income tax threshold is 5000 yuan.
- The taxable income is calculated as follows: . Assuming there are no special additional deductions for the moment, the taxable income is −−−(special additional deductions)yuan.−−=
- According to the tax rate table, for a taxable income of 10573 yuan, the applicable tax rate is 3% and the quick - calculation deduction is 0. So the personal income tax is yuan.×3%=317.19
It should be noted that if there are special additional deductions such as housing loan interest, children's education, etc., the taxable income will be further reduced, resulting in a lower personal income tax amount.
