What is the tax calculation formula?

Calculation formula of personal income tax on wages:

1, taxable income = pre-tax wage income-five insurances and one gold (individual contribution)-expense deduction.

2. Taxable amount = taxable income × tax rate-quick deduction

For example, in Zhang Moumou, the pre-tax salary in June is 5438+ 10 yuan, and various social insurance premiums are required to be paid 1 100 yuan.

(1) taxable income = pre-tax wage income-five insurances and one fund (individual contribution)-threshold (5000) =12000-1100-5000 = 5900 (yuan)

Refer to the tax exemption part in the wage tax rate table. For the part exceeding 3000 but not exceeding 12000, the tax rate is 10%, and the quick deduction is 2 10.

Personal income tax payable = taxable income × tax rate-quick deduction = 5900×10%-210 = 380 (yuan)

(2) If the old expense standard of 3,500 yuan and the old tax rate table are applied.

Zhang Moumou paid 5,438+10 monthly pre-tax salary12,000 yuan in June, and paid various social insurance premiums 1 100 yuan.

Taxable income = pre-tax wage income-five insurances and one fund (individual contribution)-threshold (3500) =12000-1100-3500 = 7400 yuan.

With reference to the tax-free part of the wage tax rate table, the tax rate for the part exceeding 4 155 yuan and 7755 yuan is 20%, and the quick deduction is 555.

Personal income tax payable = taxable income × tax rate-quick deduction =7400×20%-555=925 yuan.

Data expansion

Taxpayers of individual income tax include resident taxpayers and non-resident taxpayer. Resident taxpayers have the obligation to pay taxes in an all-round way, and must pay individual income tax on all their income inside and outside China; Non-resident taxpayer only pays individual income tax on its income derived from China.