In Hubei Wuhan, if the social security base is 16,900 yuan, the tax calculation is as follows:
- Determine taxable income: First, calculate the social security contributions. Generally, for employees, the main social security contributions include:
- Pension insurance: Usually, the individual contribution rate is 8%, so the pension insurance contribution is yuan.×8%=
- Medical insurance: The individual contribution rate is about 2%, so the medical insurance contribution is yuan.×2%=
- Unemployment insurance: The individual contribution rate is about 0.3%, so the unemployment insurance contribution is yuan.×0.3%=50.7
- Assume there is no housing provident fund considered here for simplicity (if there is, it needs to be deducted as well). The total social security contribution is yuan.++50.7=1740.7
- The tax - free threshold is 5000 yuan per month. So the taxable income = monthly income - tax - free threshold - social security contribution. Here, assuming no other deductions, the taxable income is yuan.−−1740.7=10159.3
- Calculate personal income tax: According to the personal income tax rate table for comprehensive income in China:
- The annual taxable income corresponding to the monthly taxable income of 10159.3 yuan (annual taxable income yuan) falls into the range where the tax rate is 10% and the quick - calculation deduction is 2520 yuan.10159.3×=121911.6
- The monthly personal income tax = taxable income×tax rate - quick - calculation deduction. So the monthly personal income tax is yuan.10159.3×10%−=805.93
In summary, when the social security base in Wuhan is 16900 yuan, after calculating social security contributions and applying the personal income tax rate, the approximate monthly personal income tax is 805.93 yuan. However, if there are other deductions such as housing provident fund, special additional deductions (such as for children's education, housing loan interest, etc.), the actual tax amount will be different.
