It is reported that on July 28th, Ministry of Human Resources and Social Security revealed in the press conference of the second quarter of 20 17 that up to now, the minimum wage has been adjusted in 1 1 regions across the country. The highest monthly minimum wage in China is 2300 yuan in Shanghai and the highest hourly minimum wage is 2 1 yuan in Beijing.
What is the minimum wage? Is the minimum wage payable or paid? What's the difference between wages payable and paid wages? What is taxable wages? Come and have a look with us!
The minimum wage standard refers to the minimum amount of labor remuneration paid by the employer (or the employer) on the premise that the laborer provides normal labor within the legal working hours.
Workers are deemed to have provided normal labor during the period of enjoying paid annual leave, family leave, funeral leave, maternity leave and birth control surgery leave. , and during the legal working hours to participate in social activities according to law.
The minimum wage standard generally takes two forms: monthly minimum wage standard and hourly minimum wage standard. The monthly minimum wage is applicable to full-time employees, and the hourly minimum wage is applicable to part-time employees.
Some enterprises include the legitimate income of workers who should not be included in the minimum wage, which makes the "gold content" of the minimum wage discounted.
So, what income does the minimum wage not include?
1, overtime (overtime on working days, overtime on rest days and overtime on legal holidays);
2, welfare benefits (medical and health expenses, family planning subsidies, travel expenses, training fees, etc.). );
3, special working environment allowance (high temperature, toxic, etc.). );
4, non-monetary income (social security, provident fund, housing, food subsidies, etc.). ).
It is worth noting that the minimum wage is the wages that workers should pay, not the actual wages.
What is wages payable?
Payable wages, that is, the wages that should be paid according to the labor paid by the workers.
Payable salary = basic salary+bonus+allowance+overtime salary+salary paid under special circumstances-the part of salary or bonus reduced due to the employee's personal absence or absenteeism.
What is real salary?
Take-home wages, also known as wages due, are the wages that workers actually deserve or the wages that employers should actually pay to workers.
The actual salary is different from the salary payable. Actual salary = salary payable-individual payment for five insurances and one gold-individual income tax payable.
What is taxable wages?
Taxable wages stipulated in the individual income tax law, that is, the part of labor remuneration that is subject to income tax according to state regulations after deducting tax-free items. And the "labor remuneration" mentioned here should be wages payable. All components of wages payable are within the scope of personal income tax.
According to state regulations, the basic old-age insurance premium, basic medical insurance premium, unemployment insurance premium and housing accumulation fund paid by units and individuals are deducted from the taxable income of taxpayers.
What is paid wages?
Payment of wages is the base for units and employees to pay social insurance premiums. According to the average monthly wage income of employees in the previous year. The total wages paid by the unit shall be equal to the sum of wages paid by all employees of the unit. After the payment of wages is approved by the social insurance department, it will remain unchanged throughout the year.
Pay wages = wages payable.
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