In Zhejiang Quzhou, if the social security base is 11,800 yuan, the tax deduction needs to be calculated based on the following steps:
- Calculate Social Security Deductions:
- Pension Insurance: The personal contribution rate is generally 8%. So the amount deducted for pension insurance is yuan.×8%=
- Medical Insurance: Usually, the personal contribution rate is 2%. So the deduction for medical insurance is yuan. Additionally, there may be a fixed amount for major illness co - ordination, such as 10 yuan in some cases. So the total medical - related deduction is ×2%=yuan.+=
- Unemployment Insurance: With a personal contribution rate of 0.5%, the deduction for unemployment insurance is yuan.×0.5%=
- Housing Provident Fund: Assuming a contribution rate of 12% (a common rate), the deduction for housing provident fund is yuan.×12%=
- The total social security and housing provident fund deductions are yuan.+++=
- Calculate Taxable Income:
- The tax - free threshold for individual income tax in China is 5000 yuan.
- The taxable income is calculated as yuan.(−−)=
- Determine the Tax Rate and Quick - Deduction Amount:
- According to the individual income tax rate table, for a taxable income of 4135 yuan, it falls within the range where the tax rate is 3% and the quick - deduction amount is 0.
- So the individual income tax payable is yuan.×3%=124.05
In conclusion, when the social security base in Quzhou is 11,800 yuan, the individual income tax payable is approximately 124.05 yuan, assuming no other special deductions. Note that this calculation is based on general contribution rates and tax regulations, and actual situations may vary slightly due to different policies or individual circumstances.
